Canadian Real Estate Prices Haven’t Dropped This Fast Since 2009
Canadian real estate prices are falling and fast—in fact, a drop of this size hasn’t been seen since in over a decade.
The Canadian Real Estate Industry’s Forecast Expectations Are Crashing
Expectations from Canada’s largest real estate bulls are crashing. The Canadian Real Estate Association (CREA), the organization that oversees Realtors, released its latest quarterly forecast for home prices in 2023. Most markets are now forecast to see home prices contract this year, but that’s not the biggest takeaway. Expectations from the industry rapidly collapsed as […]
This Week’s Top Stories: Canada’s Bank Regulator Wants Tighter Rules As Real Estate Prices Crash
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Bank Regulator Wants Tighter Rules To Address Real Estate Risks Canada’s bank regulator is looking to protect the financial system from mortgage risks. Last week, OSFI began a public consultation on new mortgage measures. They include limits on loan-to-income ratios, new […]
Canada’s Real Estate Correction Is Just Getting Started, W/ Oxford Econ’s Tony Stillo
Tony Stillo of Oxford Economics helps us understand Canada’s real estate market correction and the upcoming recession.
Canada’s Bank Regulator Wants Tighter Rules To Address Real Estate Risks
Canadian homebuyers might face stronger regulations around mortgage borrowing soon. Office of the Superintendent of Financial Institutions (OSFI), Canada’s bank regulator, is soliciting feedback on a series of new rules to reduce leverage and mitigate risk. Now that risk tools like the stress test have proved why they’re important, they’re seeking to address any gaps […]
Nearly 1 in 3 Canadian Mortgages Are Still Going To Overleveraged Borrowers
Canada’s real estate market got a big boost from overleveraged borrowers, according to its bank regulator. OSFI data shows the share of mortgage borrowers that are overleveraged remains high. Overleveraged borrowers, those with a loan to income ratio of 450% or higher, have begun to taper with higher rates, but still represented 1 in 3 […]
Canadians Are Still Leaving Major Cities In Big Numbers: BMO
Canada’s large cities are now entirely dependent on immigration as local residents continue to flee and seek greener pastures.
Toronto Residents Are Leaving At A Record Pace, Immigration Takes Over Growth
Greater Toronto residents are fleeing for other parts of the country at an alarming pace, indicating opportunity may be outside of the hub.
Canadian Mortgage Payments Surge In Size, Largely Due To Real Estate Prices
Canadian mortgage payments were seeing double-digit growth before rate increases, as real estate prices surged.
Canadian Real Estate Is Facing Disruption After 33 Years, With Mortgage Expert Ron Butler
Veteran mortgage broker Ron Butler drops some knowledge, and updates us with some on-the-ground market insights.
