Canadian insolvency filings are on the rise, and the country’s largest city is far from immune. Office of the Superintendent of Bankruptcy (OSB) filings show Greater Toronto insolvencies climbed fast in Q4 2019. The whole province of Ontario has seen an acceleration in the number of filings, with the second largest growth in the country […]
Canadian households went from swimming in debt, to drowning in it last year. Office of the Superintendent of Bankruptcy Canada (OSB) data shows a substantial climb for insolvencies in December. Every province in the country showed large growth, with half printing double digits. The swelling insolvencies led the national number of filings, to the highest […]
Canada is in the midst of an immigration boom, but Ontario is losing ground. Statistics Canada (Stat Can) data shows more non-permanent residents arrived in Q3 2019. A lot more, actually. The net increase of non-permanent residents was the highest of any quarter, going back to the 1970s – the last year calculated by the […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Credit Growth Is Rapidly Accelerating, While Consumer Credit Slows Canadian household debt growth is accelerating once again, but only in one segment. The balance of debt reached $2.27 trillion in December, up 4.2% from last year. Mortgage debt is […]
Canadian households are in a rush to get more debt, but only for mortgages apparently. Bank of Canada (BoC) data shows household debt reached a new all-time high in December. In general, household credit growth is rising. However, the rise in growth is due entirely to mortgages, where the rate of growth is rising at […]
Greater Vancouver real estate may be out of the gutter – for now at least. Real Estate Board of Greater Vancouver (REBGV) data shows sales made a big improvement in January. Real estate sales volumes haven’t returned to typical levels, but a drop in inventory led to a better balance. Prices are now only down […]
Greater Toronto real estate is back to a supply crunch. Toronto Regional Real Estate Board (TRREB) data shows sales jumped to a multi-year high for January. The multi-year high for sales, met with a low for inventory – sending prices soaring. Greater Toronto Real Estate Prices Rise Over 8% The price of a typical home […]
Buyers in Canada’s largest real estate markets aren’t keen on sharing a home with the government. The First-Time Home Buyer Incentive (FTHBI) received few applications from September 2 to December 9, 2019. The poor reception is of note in urban areas, where first-time buyers need the most help. However, only a third of applicants for […]
Canadian real estate buyers are back in full force, and pushing debt levels once again. Bank of Canada (BoC) data shows mortgage credit reached a new all-time high in December. The all-time high isn’t surprising anyone these days. However, the pace of growth is now at the highest level in almost two years – and […]
Not a lot of real estate buyers across Canada are interested in the latest government buying scheme. Government of Canada (GoC) data shows the First-Time Home Buyer Incentive (FTHBI) received a cold reception. From the launch of the program, to the beginning of December, only two provinces represented the majority of applications. Those two provinces, […]
