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 […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate All But Two Canadian Real Estate Markets Have Fallen From Peak Prices Only two Canadian real estate markets are at all-time highs – Ottawa and Montreal. The Ottawa benchmark price reached $394,700 in December, a new record for the city. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Keeps Dropping, Prints New 17 Year Low Canadian mortgage growth dropped to a multi-year low. The balance of outstanding mortgage credit reached $1.53 trillion in November, up 3.2% from last year. While the dollar amount is at […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Debt Is Back Above US Great Recession Numbers Canadian household debt to income ratio (DTI) are now above peak US levels. Household DTI reached 166.79% in Q3 2018, up 0.15% from last year. That might seem low if […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Price Gains Continue To Taper, Annual Growth Falls Below 2% After an epic run, Canadian real estate prices are starting to taper in growth. The price of a typical home across Canada reached $618,800 in November, up […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Real Estate Industry Lowers 2019 Sales Forecast For A Third Time The Canadian real estate industry is lowering their forecast for a third time. CREA now expects 458,200 sales in 2018, down 11.2% from the year before. The […]
