Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Affordability Improves, Still Near 90s Peak: RBC RBC data shows housing affordability has improved for a seventh straight quarter. The bank estimates a median household needs to spend 53.2% of its disposable income on ownership costs in Q3. If that […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Flee In Record Volumes—A Warning Seen Only Twice Before Canadians are heading for the exit in the highest volumes on record. Emigration, the act of citizens or permanent residents leaving the country, hit 120.4k people in the 12 months ending in […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Rates Set To Surge With Global Bond Yield Repricing Canada’s real estate industry is watching the overnight rate, but it should be paying attention to bond yields. Mortgage rates are priced off credit benchmarks of similar maturities, and the Bank […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Climb To Highest Since 2020 Canada’s largest banks are seeing more mortgage stress than typical these days. The CBA’s mortgage arrears rate climbed to 0.24% in September, up 4 basis points from last year and 10 basis points from […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Nears End of 60-Year Cycle—Transit Use Is The Risk Sign The decline of public transit use in Canada is a bigger sign than many realize. Since 2020, revenues have returned to normal but ridership hasn’t recovered—even with the addition […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Fall To 4-Year Low As Inventory Sets Record Canadian real estate prices continue to cool after the pandemic-era boom. A typical home fell to $679,900 in October, a 20.2% (-$171,700) drop from the March 2022 peak. The drop […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Investor Mortgage Crackdown Set For 2026, Delayed 3 Years Canada’s financial watchdog is finally moving its banks up to global risk standards after three years of delays. OSFI has told lenders to prepare to adopt the Basel III minimum output floor […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Fitch Warns Canada of Credit Downgrade—That’s Bad News For Mortgages Canada’s supersized budget may soon cost households a lot more to borrow. Fitch Ratings warns the country faces a downgrade from AA+ to AA, citing gross debt more than twice the peer […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Uses US Bubble Scheme To Transfer Investor Risk To Home Buyers Ontario is the latest province to offer sales tax relief to first-time buyers of new homes. The move follows federal incentives announced earlier this year, adding to the recently introduced […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgages Backed By Inflated Home Values, Zero Equity Canadian lenders are using inflated new home appraisals to increase mortgage leverage. Following the sharp drop in home prices, lenders are turning to blanket appraisals—which recognize the contract price as the asset value. […]
