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This Week’s Top Stories: Canadian Banks Put Aside More Capital To Handle Mortgage Losses, As Toronto Prices Rise

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Ontario And British Columbia Lose Over 13,000 Real Estate Industry Jobs In December Canadian real estate and related industries squeezed out a small gain for jobs last month. Across Canada, finance, insurance, real estate, rental and leasing (FIRE) industries employed 1,240,900 […]

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This Week’s Top Stories: Canadian Variable Rate Mortgages Rise Double Digits, and Insolvencies Soar – Especially In Ontario

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Ontario Takes The Lead, As Insolvencies Rise Across Canada Canadian insolvencies are rising fast, with Ontario seeing the fastest growth. Ontario saw 4,315 insolvencies filings in October, up 20.9% from last year. To contrast, there were 13,512 filings across all of Canada, […]

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This Week’s Top Stories: Canadian Households Pay A New Record Amount of Interest, and Hot Inflation Makes Lower Rates Unlikely

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Credit Card Debt Tops $79 Billion, Interest Rates Hit A Multi-Year High Canadians are racking up quite the bill on their high interest rate credit cards. The outstanding balance of credit card debt reached $79.17 billion in September, up 4.07% […]

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This Week’s Top Stories: Canadians Are Spending A Record Amount Servicing Debt As Regulators Tell Banks To Prepare For More Risk

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadians Are Back To Spending A Record Amount Of Income Servicing Debt Canadian households are back to spending a record amount of their income on debt. The household debt service ratio (DSR) reached 14.96% in Q3 2019, up 1.70% from last […]

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This Week’s Top Stories: Canadian Seniors Rack Up Billions In Reverse Mortgage Debt, While Young People Experience More Inflation

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Seniors Now Owe Over $3.88 Billion In Reverse Mortgage Debt Reverse mortgage debt reached a new record high in Canada, but the rate of growth continues to slow. The balance outstanding was $3.88 billion in September, up 26.43% from last […]

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This Week’s Top Stories: Canadians Working Multiple Jobs Soars, While Boomers Rack Up A Lot Of Reverse Mortgaging Debt

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Major Cities Saw Condo Prices Rise Over 3x Faster Than Houses Canadian condo prices increased at a faster pace than the general market. Home prices in Canada’s six hottest markets, increased 0.19% from a year before, and are up […]

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This Week’s Top Stories: Canadians Pile Into Mortgage Debt, As Government Declares Toronto Is No Longer “Overvalued”

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s National Housing Agency Thinks Toronto Is No Longer Overvalued Canada’s national housing agency thinks Toronto real estate is now equally risky to most places. The CMHC downgraded Toronto risk to “moderate,” from the high rating it held prior. The […]