Toronto Real Estate Sales Rise In The 905, Drop In The City
Toronto real estate sales are improving in the suburbs after being hit hard last year, while the city is starting to see signs of moderation.
Canadian Mortgage Credit Growth Grinds To A Halt, Worst Growth In 18 Years
The Canadian real estate market is slowing down, and it’s hitting mortgages. Bank of Canada (BoC) numbers show mortgage credit grinded to a halt in July. The annual rate of mortgage growth fell to the lowest level in nearly 18 years, and is set up to go lower. Canadians Owe Over $1.52 Trillion In Mortgage […]
Canada’s Minor Interest Rate Hikes May Be Setting Up Major Economic Problems
The Bank of Canada’s M1+ is seeing growth plummet, as households and businesses adjust to the central bank’s interest rate hikes.
This Week’s Top Stories: New Condo Sales Plummet In Toronto, and Canada’s HELOC Problem Is Over 3x Worse Than The US
Time for your weekly cheat sheet for this week’s most important stories. Canadian Real Estate Canada’s HELOC Problem Is One Of The Biggest Risks For Real Estate Canada’s home equity line of credit problem has reached epic proportions. The balance of outstanding HELOC debt reached $286.81 billion in Q2 2018, up 1.83% from the quarter […]
Canada’s HELOC Problem Is One of The Biggest Risks For Real Estate
Canadian real estate owners received a windfall of equity over the past decade. Rather than selling for a profit, many are turning to home equity lines of credit (HELOC) to reap the rewards. The popular form of debt allows owners to borrow equity in their home, and pay it back like a second mortgage. They’re […]
Toronto Sees New Condo Sales Fall Over 52%, Inventory Spikes Over 63%
Greater Toronto new condo sales experienced a drop in July, helping to send inventory much higher… and the industry is expecting more.
Canada’s Fastest Growing Real Estate Prices Aren’t In Toronto or Vancouver
Canada’s small cities seem to be catching FOMO. Canadian Real Estate Association (CREA) numbers show large cities are seeing price growth taper. Meanwhile, smaller real estate boards are seeing real estate price growth outpacing major cities. Yes, You Should Care About National Prices We know, you don’t care what’s happening in Ottawa – you live […]
Toronto Tops North American Crane Count, and There’s 400 More Projects Proposed
No other North American city has more high-rise construction cranes, as the rush to develop Toronto real estate reaches a fevered pitch.
Toronto Becomes Canada’s Most Expensive Rental Market, As Vancouver Prices Drop
Vancouver rental prices made a massive drop in June, making Toronto the country’s most expensive rental market.
This Week’s Top Stories: New Canadian Real Estate Buyer’s Inflate Their Budgets, While Old Ones Withdraw Equity
Time for your weekly cheat sheet on the most important stories of the week. Canadian Real Estate Canadians Withdraw Another $2 Billion In Home Equity Over A Month Canadians are (still) looking to extract equity from their homes at a record pace. The balance of loans secured in June hit $286.81 billion, up $1.966 billion […]
