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This Week’s Top Stories: Canadian Mortgage Lenders Set Aside Record Cash For Bad Loans, While The Economy Becomes More Real Estate Dependent

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 […]

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This Week’s Top Stories: Toronto and Vancouver Condo Buyers Hit With Big Losses, While Severe Delinquencies Rise

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 […]

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This Week’s Top Stories: Bank of Canada Sends Home Sales Soaring, While Mortgage Defaults Rise In Toronto and Vancouver

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 […]

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This Week’s Top Stories: Canada’s Real Estate Industry Forecasts Soaring Prices, And Toronto Lags Cottage Country

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% […]

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This Week’s Top Stories: More Firms Forecast Canadian Real Estate Prices Will Fall, Banks Drop More Office Space, and Mortgage Defaults Rise

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 […]

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This Week’s Top Stories: Canadian Banks Forecast Falling Real Estate Prices, and Mortgage Defaults Rise

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 […]

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This Week’s Top Stories: Canada’s Largest Bank Doubles Down On Price Drop Forecast, As Foreign Buyer and Vacant Home Taxes Arrive

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 […]

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This Week’s Top Stories: Toronto Condo Prices Down By Tens of Thousands, and Vancouver Triples Vacant Home Tax

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, […]

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This Week’s Top Stories: Canadian Real Estate Prices Forecasted To Fall Next Year, and Debt Problems To Get Worse

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 […]

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This Week’s Top Stories: Canadian Real Estate Buyers Plunge Underwater, and Toronto Prices Make A Sharp Drop

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 […]