Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Prices “Need” To Be High To Pay For Retirements: PM Canadian Prime Minister Justin Trudeau just said the quiet part out loud. In a recent interview, the country’s head of government stated that he wants affordability to improve, but prices […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Bank Regulator Sees Mortgage Defaults Rising, 1 In 7 Of Concern Canada’s bank regulator is warning that mortgage debt is one of the biggest risks to the country. OSFI released its annual risk outlook and mortgage credit was one of the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Capital Gains Change Targets Boomers More Than The Rich Canada’s Budget 2024 includes measures sold as a way to target the rich, but that may not be the case. The budget proposes raising the capital gains inclusion by 50%, with the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bubble Contagion? Eastern Canada Home Prices Retain The Frothiest Growth Canadian real estate prices surged after rate cuts in 2020, and began correcting after rate hikes in 2022. Eastern Canada, where home prices saw the sharpest growth, didn’t follow the same trajectory […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Agency Bizarrely Forecasts Record Home Prices & Weak Economy Canada’s economy is heading for a downturn, so prepare for record home prices. That was the message from the CMHC, the country’s national housing agency and state-owned mortgage insurance provider. Their […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Changes Blur The Line Between Normal & Crisis: CMHC Canada was warned directly funding its mortgages would be a disaster, but it’s seeking the same impact anyway. The Government of Canada sought advice from the CMHC on directly funding mortgages […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Household Debt Nears $3 Trillion, Over 130% of GDP Canadians are warming up to borrowing again, fueled by rumors of cheap credit returning soon. Households owed $3 trillion in debt as of February, climbing 3.4% from last year. Higher rates slowed […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Slipped, Inventory “Jumps” In April Canadian real estate didn’t move much last month, but the data still hints at an interesting Spring. The price of a typical home slipped 0.3% lower in March. The month also showed a […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Buying A House In Canada Has Never Been Harder, Years To Correct: RBC Canada’s largest bank warns it’s never been more difficult to buy a home in the country. RBC warns a median household would need to spend up to 108% of […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Bank Regulator To Limit Mortgage Leverage Ahead of Rate Cuts Canada’s federal banking watchdog is taking aim at mortgage risks ahead of rate cuts. OSFI has notified banks they’ll be required to reel in the amount of leverage at the portfolio […]
