A big Swiss bank recently ranked Toronto real estate the second biggest bubble in the world, but the city can’t hear them. Toronto Real Estate Board (TREB) numbers show price growth accelerating in September. The increase in growth comes after sales and inventory returned to typical volumes. Toronto Real Estate Prices Rise Over 5% The […]
Canada’s booming population growth is the only thing separating the country from a recession. There’s been a lot of talk about Canada’s massive growth in gross domestic product (GDP). There’s also been a lot of talk about Canada’s population boom, driven largely by immigration. However, few people seem to be discussing what the combination of […]
Canadian household debt is seeing growth accelerate once again, and it’s entirely due to mortgages. Bank of Canada (BoC) numbers show the balance of household credit at institutional lenders reached a new record high in August. The growth was largely led by mortgage debt, which is beginning to accelerate. On the other hand, consumer credit […]
Canadian real estate sales are rising from last year’s anemic levels, and so is mortgage debt. Bank of Canada (BoC) numbers show outstanding mortgage credit reached a new high in August. More surprising is mortgage credit growth is actually accelerating into the fall. For the first-time in years, annual growth is now bigger than the […]
Time for your cheat sheet on this week’s top stories. Canadian Election 2019 Canadian Politicians Promise To Bring More Risk To Housing: Part One, The Liberals The Liberals promise to increase the first-time home buyer incentive (FTHBI), in Toronto, Vancouver, and Victoria. Previous limits were designed to prevent homebuyers from inflating those very markets. However, […]
Only 17 days until the election, and all parties are promising helicopter money for housing. The NDP plan, with rental subsidies, is probably the most well intended one. Rather than using tax dollars to help buy investments, they’re focusing on core needs. Unfortunately, every time you inject a large amount of cash into a market, […]
Only 18 days until the election, and every party has a terrible housing plan. One of the more interesting ones comes from the Conservative Party of Canada (CPC). The key point is extending the maximum amortization for mortgages. This is a fancy way of saying they want to let buyers pay their mortgage over a […]
Canadian politicians are promising everything but the kitchen sink in the 2019 Federal Election. Although, there’s still 19 days – so don’t rule out kitchen sink subsidies. Most notable to our readers is obviously their housing platforms. A wide range of readers, from fund managers to Millennial buyers, have asked for our take on specific […]
One of the world’s largest banks is seeing the beginning of a global real estate correction. UBS, a Swiss multinational mega-bank, published the 2019 Global Bubble Real Estate Index. Analysts from the bank are seeing more favorable financing conditions around the world. Despite the cheap money, the bank is also seeing the beginning of a […]
Phew! Canadians are over the possibility of home prices dropping, and are back to using their homes as ATMs. Office of the Superintendent of Financial Institutions (OSFI) filings show massive growth for home equity lines of credit in July. The annual pace of growth was the second highest for the month in the past seven […]
