Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Mortgages To Highly Indebted Borrowers Rises To The Highest Level Since B-20 Canada saw a big drop in lending to highly indebted borrowers after B-20 Guidelines… now it’s reversing. About 17.5% of mortgages in Q4 2019 went to people borrowing over […]
Greater Vancouver condo buyers are back in the market, helping to stop the bleeding. Real Estate Board of Greater Vancouver (REBGV) data shows sales made a substantial increase in December. The rise in sales, combined with declining inventory, helped to stabilize prices – which are still lower than last year. Greater Vancouver Condo Prices Are […]
The Greater Toronto condo market saw a small spike in buying activity last month. Toronto Real Estate Board (TREB) data shows condo apartment sales increased in December. The rise in sales was accompanied by very few new listings, helping to send prices to a new all-time high. Greater Toronto Condo Prices Rise Over 9% Toronto […]
Canadians might be running out of reasons to borrow cash, as total credit growth dips. Bank of Canada (BoC) data shows combined credit growth of businesses and households reached a new high in November. Despite the large number, the rate of growth is falling to levels not seen since the great recession. Credit Growth Credit […]
Canadian real estate prices are moving higher, but not all markets are equal. Statistics Canada (Stat Can) updated the Residential property price index (RPPI), showing prices increased in six major markets. Breaking those numbers down, the biggest lift to the index is condo apartment resales. Meanwhile, new condo construction is seeing prices fall. Residential Property […]
Canada is seeing a rise in highly indebted, and over-leveraged mortgage borrowers again. Office of the Superintendent of Financial Institutions (OSFI) data shows a rise in relatively large loans, when compared to borrower income, in Q4 2019. The increase has been rising over the past two years, and now represents the largest segment in the […]
Canadian seniors slowed their reverse mortgage borrowing, but the rate was still high. Office of the Superintendent of Financial Institutions (OSFI) data shows the balance of reverse mortgage debt hit a new high in November. Reverse mortgage debt has seen growth explode over the past few years. Recently, things have begun to show some signs […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The US Federal Reserve Has Canadian Real Estate Back In Bubble Territory Canadian real estate buyers are acting exuberant when it comes to prices once again. Dallas Fed, a branch of the US Federal Reserve, is noting elevated exuberance levels in […]
Canadian real estate buyers are still feeling exuberant about the market. The US Federal Reserve Bank of Dallas‘ (Dallas Fed) exuberance indicator shows expectations are still high in Q3 2019. The index measures explosive price growth, that’s detached from fundamentals. Expectations are much lower than they were in 2017, but are still above critical levels. […]
Greater Vancouver detached real estate buyers are jumping back into the market. Real Estate Board of Greater Vancouver (REBGV) data shows a big increase in sales for December. The increase in sales was accompanied by fewer homes for sale – but prices are still lower. Vancouver Detached Real Estate Prices Are Still Falling Greater Vancouver […]
