Canadian new home prices are really split on which direction they should be heading. Statistics Canada‘s New Housing Price Index made a minor decline in November. On a national scale, it seems like the country’s markets aren’t doing a whole lot. The scale is being moderated by big markets like Montreal and Vancouver, heading in […]
Canadians are still real estate fanatics, but the peak was so high, today’s levels seem normal. Statistics Canada (Stat Can) data shows investment in residential structures increased in Q3. When compared as a percentage of GDP however, residential investment is down from the peak. Although it’s still way above usual. Residential Investment Residential investment (a.k.a. […]
Canadian real estate prices are moving the most in over a year – which doesn’t say much. Canadian Real Estate Association (CREA) data shows the price of a typical home increased in November. Most of the index gains were from markets east of Toronto, which are booming after a slow few years. The drag on […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Credit Card Debt Tops $79 Billion, Interest Rates Hit A Multi-Year High Canadians are racking up quite the bill on their high interest rate credit cards. The outstanding balance of credit card debt reached $79.17 billion in September, up 4.07% […]
More Canadian consumers are carrying a balance on their credit cards these days. Bank of Canada (BoC) numbers show credit card debt hit a new high in September. The increase in iva debt, is also accompanying a rise in the average, already high, interest rates paid. Canadians Now Owe Over $79 Billion On Credit Cards […]
Canada’s sky high debt is meeting with higher than expected inflation, and it’s going to be a problem. Statistics Canada (Stat Can) data shows the median consumer price index (CPI-Median) rising in November. The measure of core inflation is now at the highest level in over a decade. By itself, this isn’t much of an […]
Canadian real estate markets are experiencing growth, just not much of it. The Teranet–National Bank of Canada House Price Index (TNB HPI) shows prices made an increase in November. The increase, the second smallest for November in the history of the index, shows low growth. However, it is the fourth consecutive month of acceleration, so […]
Canadian real estate buyers are pushing volume higher, led by a recovery out west. Canadian Real Estate Association (CREA) data shows real estate sales made a big climb in November. All but three major markets saw real estate sales climb, with half seeing double digit gains. Canadian Real Estate Sales Canadian real estate sales are […]
Canadian households are racking up a lot of debt, but it’s the interest that should be in focus. Statistics Canada (Stat Can) data shows a new record amount of interest was paid in Q3 2019. The mountain of interest paid every quarter is rising, and almost half of it is on consumer loans. When this […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadians Are Back To Spending A Record Amount Of Income Servicing Debt Canadian households are back to spending a record amount of their income on debt. The household debt service ratio (DSR) reached 14.96% in Q3 2019, up 1.70% from last […]
