Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Sales See Biggest January Since 2008 Canadian real estate sales had a really big January – one of the biggest in years. CREA reported 27,195 unadjusted sales in the month, up 11.5% from a year before. This was the […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Credit Growth Is Rapidly Accelerating, While Consumer Credit Slows Canadian household debt growth is accelerating once again, but only in one segment. The balance of debt reached $2.27 trillion in December, up 4.2% from last year. Mortgage debt is […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Mortgages To Highly Indebted Borrowers Rises To The Highest Level Since B-20 Canada saw a big drop in lending to highly indebted borrowers after B-20 Guidelines… now it’s reversing. About 17.5% of mortgages in Q4 2019 went to people borrowing over […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The US Federal Reserve Has Canadian Real Estate Back In Bubble Territory Canadian real estate buyers are acting exuberant when it comes to prices once again. Dallas Fed, a branch of the US Federal Reserve, is noting elevated exuberance levels in […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Credit Slows, As Consumer Credit Growth Plunges Lower Canadian household debt is still rising, but experienced a bit of a hiccup in the latest numbers. The balance of outstanding household debt reached $2.26 trillion in November, up 3.9% from […]
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 […]
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, […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Residential Investment As A Percent Of GDP Is Dropping, But Still Elevated Canadians are still pumping in a massive amount of cash into real estate investment. Residential investment reached $46.04 billion in Q3 2019, up 3.45% from a year before. […]
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% […]
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 […]
