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This Week’s Top Stories: Canadian Banks Prepare For Household Vulnerabilities, As Real Estate Debt Tops Record High

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Debt Hits A New Record, $1.56 Trillion Outstanding Canadian mortgage debt reached a new all-time high. There was over $1.56 trillion in mortgage debt outstanding in April, up 3.2% from last year. While there is some growth, it’s extremely […]

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This Week’s Top Stories: Canada Is Crowned The King of Unaffordable Real Estate, and New Condo Prices Hiccup In Toronto

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Housing Is The Least Affordable In The World… For Local Incomes Canadian real estate prices are the least affordable of advanced economies. Canada’s house price to income ratio reached 122.9% in Q4 2018, up 2% from the year before. […]

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This Week’s Top Stories: Money Laundering Is Responsible For 1 In 20 BC Real Estate Dollars, and Toronto Is Shrinking Condo Sizes

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Money Laundering Provided 1 In 20 Dollars For BC Real Estate The Government of BC found extensive money laundering is occurring across the province. A paper released by the province estimates $7.4 billion in laundered funds entered BC in 2018, with […]

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This Week’s Top Stories: Toronto and Vancouver Place Huge Price Premiums on Condos, While Sales Drop In Both Cities

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver Are Placing Absurd Price Premiums On Condos Toronto and Vancouver property assessments place a huge premium on condo apartments. Toronto apartments have a median assessment value of $457 per square foot (PSF) in 2018, 32% higher than […]

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This Week’s Top Stories: Canadian Real Estate Is The Most Expensive In The G7, And Prices Are Dropping While Debt Continues To Rise

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Insured Mortgages On Canadian Real Estate Fall Almost 10% The balance of insured mortgages on Canadian real estate is falling. There were $456.35 billion of insured mortgages in January, down 9.37% from last year. The average cost of carrying these […]

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This Week’s Top Stories: Toronto and Vancouver Real Estate Sales Drop To Multi-Year Lows, and Lenders Slash Borrowing Rates

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Credit Growth Barely Moves, Annual Growth Falls To 1983 Levels Canadian debt reached a new record high, but barely. The balance of household debt reached $2.16 trillion in February, up 0.01% from the month before. The annual pace […]