Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 10 Mortgages Issued In Canada Are On An Already Mortgaged Home The Canada Housing and Mortgage Corporation (CMHC) found that multiple mortgages on the same home is on the rise. Analysts counted 145,013 new loans on already […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Average Mortgage And HELOC Payment Is Soaring In Toronto And Vancouver Canadians are facing higher payments on mortgages and HELOCs, especially in Vancouver and Toronto. The average monthly mortgage payment in Vancouver reached $1,794 in Q1 2018, up 6.5% […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001 Canadian mortgages growth is slowing, and fast. The balance of mortgage credit at large lenders reached $1.515 trillion, up $5.06 billion. That sounds huge, but it’s actually almost half of […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Every Major Canadian Real Estate Market West Of Ottawa Is Cooling Down The Canadian Real Estate Association (CREA) released date for their largest markets. The data point that jumps out is the shift in the sales to new listings ratio (SNLR). […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada Is Considering A Risky Move To Fund More Mortgages With Foreign Capital Covered bonds are an increasingly popular method banks use to fund mortgages. Virtually non-existent in Canada before the Great Recession, they now fund 9% of mortgages at […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Canadian Credit Is Decelerating, Mortgage Growth Falls To Lowest Rate In 17 Years The Canadian credit cycle appears to be heading into its contraction phase. The balance of household debt reached $2.119 trillion at the end of May, up 4.4% from […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate CMHC: 55% Of Toronto And Vancouver Real Estate Buyers Were In A Bidding War The CMHC took a novel approach to finding out why Toronto and Vancouver buyers were so frenzied – they asked them. Conducting a survey of recent […]
Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate Can You Tell If These Central Bank Quotes Are About Canadian Real Estate In 2018, Or The US Before The Great Recession? The real estate industry listens very closely to the Bank of Canada, but how useful […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate IMF Warns That Canadian Real Estate Is A “Key Domestic Risk” The International Monetary Fund (IMF) is warning that real estate is a “key domestic” risk to Canada. Changes in price expectations, increasing mortgage rates, and unemployment could all be triggers […]
Time for your weekly cheat sheet on the most important real estate stories. Canadian Real Estate Canadian Mortgage Growth Grinds To A Halt, Slowest Growth Since 2001 Mortgage debt growth is slowing very quickly across Canada. Bank of Canada numbers show mortgage debt stood at $1.528 trillion, up $2 billion from the month before. This […]
