Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Mortgage Lenders Have Set Aside A Record Amount For Bad Loans Canada’s mortgage lenders are setting aside a record amount of money for bad mortgages. The loss allowance at large lenders reached $3.9 billion in Q3 2020, up 54.11% from […]
Time for you cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver Condo Buyers Warned By CMHC Still Getting Slaughtered The CMHC was totally wrong about the market. Or were they? It turns out a typical first-time condo buyer in Toronto and Vancouver have taken a big hit. Those […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Toronto And Vancouver See Mortgage Delinquencies Rise To Highest Level Since 2016 Canadian mortgage delinquencies are flat, but it’s a little more interesting by city. At the national level, the rate of delinquency hit 0.3% in Q3, flat from the previous […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Industry Forecasts Prices Rising Over 9% Next Year Canada’s real estate industry is forecasting lofty price gains next year. The Canadian Real Estate Association (CREA) is forecasting an average national sale price of $620,404 in 2021, up 9.1% […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Fitch, Another Big Three Credit Agency, Forecasts Falling Canadian Real Estate Prices Another big global credit agency sees Canadian real estate prices falling next year. Fitch Ratings, see prices dropping up to 5% at the national level in 2021. The decline […]
Time for your cheat sheet on this week’s more important stories. Canadian Real Estate RBC’s “Worst Case” For Canadian Real Estate Is A Price Drop Of Nearly 30% Canada’s largest bank’s risk scenarios show a larger downside than upside for real estate. RBC’s best cast scenario shows Canadian real estate prices rising 6.1% over the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Largest Bank Says It’s Putting “Greater Weight” On Home Price Declines RBC’s chief risk officer has stated the bank is putting a “greater weight” on price declines. Canada’s largest bank reiterated they believe prices will fall around 8% at the national […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices Surge In Growth… Except For Condos Canadian real estate prices have been rising rapidly… except for condo apartments. The aggregate benchmark price of a home hit $643,000 in October, up 10.86%. Breaking it down by major segments, […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices To Fall Up To 26%, Bay Street Firm Warns Institutions A Bay Street firm is warning institutional clients of falling real estate prices. The firm’s latest model suggests prices may fall up to 11% at the national […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate CMHC Warned Buyers Not To Buy A Condo. Some Are Now Officially Underwater People that bought a condo after the pandemic was declared aren’t doing so hot. Across Greater Toronto, buyers of a benchmark condo in April have seen the minimum […]
