The Toronto condo market was expecting a big surge of buyers last month, and that they got. Toronto Real Estate Board (TREB) data shows sales made a double digit jump in September. Despite the big rise in sales, prices made the second smallest monthly increase of the year. Toronto Condo Prices Make Smallest Increase Since […]
Canadian mortgage credit is growing, but isn’t quite where it should be. Bank of Canada (BoC) numbers show the balance of mortgage debt hit a new high in September. Mortgage credit growth has improved substantially from last year. However, the improvements to growth, still don’t bring it into typical range. Canadians Owe Over $1.6 Trillion […]
Time for your cheatsheet on this week’s most important stories. Canadian Real Estate Canadian HELOC Debt Reaches Over $303 Billion, But Growth Slows Dramatically The pace at which Canadians are using their homes as ATMs is slowing quickly. The balance of loans secured by property hit $303.41 billion in August, up 4.27% from last year. […]
Canadian real estate sales are up, mortgage credit is growing, but home equity loans are slow? Office of the Superintendent of Financial Institutions (OSFI) filings show debt secured by homes reached a new high in August. The increase in debt is getting slower though, as the segment of credit growth tapers quickly. Loans Secured By […]
Canadian real estate markets are heading in opposite directions, as Ontario picks up. Canadian Real Estate Association (CREA) data shows national prices made a gain in September. The national index, making a smaller than inflation rise, was held down by British Columbia markets. Canadian Real Estate Prices Rising Less Than Inflation Canadian real estate prices […]
Canadian real estate sales are back, but it’s unclear if this is just delayed demand. Bank of Canada (BoC) data shows new mortgage lending made a big jump in July. The rise is less impressive, when compared with the unusually weak performance preceding. Two years ago, the mortgage industry warned policy changes would result in […]
The Greater Toronto detached real estate market is buzzing once again. Toronto Real Estate Board (TREB) numbers show sales made a big jump in September. Sales volumes aren’t back to boom time levels, but the increase was enough to raise prices. Most of the gains are in the 905, which is seeing much higher price […]
Canadian real estate prices are pushing to new highs – just not in Western Canada. The Teranet–National Bank of Canada House Price Index (TNB HPI) is showing prices increasing across the country in September. The growth was much slower than usual for this time of year though, weighed down by weak performance in Western Canada. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The IMF Crunched Numbers On Canadian Real Estate. Here’s How Overpriced It Is IMF calculations show some Canadian real estate prices are detached from reality. Toronto real estate prices are 54.7% higher than fundamentals warrant. Vancouver is a little better, […]
Canadian real estate prices are soaring, but only a few markets have detached from reality. The ones that have though, boy oh boy – have they ever detached. New numbers obtained from IMF staff, show the gap between prices and fundamentals. For the most part, Canadian real estate prices can be explained through access to […]
