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 […]
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 […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Households Are Just 0.01 Points From The Mother Of All Debt Records Canadian households are paying a near record amount to service their debt. The debt service ratio (DSR) reached 14.87% in Q4 2018, up 5.46% from last year. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Government Launches Predatory First-Time Buyer Mortgage Scheme The Government of Canada is taking steps to provide first-time buyers assistance, through “equity lending.” The move would see the government provide new homeowners with up to 10% assistance to buy […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Print Worst February Since Before The Great Recession Canadian real estate sales are slowing dramatically from last year. CREA reported 29,974 sales in February, up 25% from the month before. This represents a 4.41% decline compared […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Big 5 Banks Lose Mortgage Market Share… Kind Of Canada’s Big 5 banks lost market share last year, but are still up over the long run. In 2018, the Big 5 lost 2.7 points of market share, holding 72.6% […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices Make Smallest Price Change Since Great Recession Canadian real estate prices are moving a lot slower in 2019. The price of a typical home in Canada hit $613,500 in January, up 0.79% from the year before. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Government Considers Move To Load Households With More Real Estate Debt The Government of Canada is considering lengthening mortgage amortizations for first-time buyers. While the move will lower monthly payments, it increases the amount of debt they can carry […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Last Time Canadian Household Debt Grew This Slow Was 1983 Canadian household debt hit a new record high, but the growth rate is decelerating. The balance of outstanding debt reached $2.16 trillion in December, up 3.1% from the year […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Fell Over 11% In 2018, Biggest Drop Since 2008 Canadian real estate sales made a big drop last year, and that’s going to have consequences for the economy. Just 458,442 sales went through the MLS in […]
