More Canadians are borrowing against their home equity, and Toronto real estate tops the new inventory numbers from CREA.
The good news? Bankruptcies dropped across Canada. The bad news? People are trying to negotiate more deals with their creditors.
Cash strapped, real estate wealthy Canadian Boomers pushed reverse mortgage numbers over 20% higher over the past year.
Some Canadians might think Toronto and Vancouver real estate is dangerous right now, but not for any of the reasons being advertised here.
Canadians are borrowing against real estate at the fastest pace ever, setting a new all-time high for loans secured by property.
Vancouver real estate is seeing new listings plummet, but not as fast as sales. This may contribute to further tapering of price growth.
Toronto real estate is seeing at least 3 times more new listings than any other Canadian city, and buyers aren’t keeping up.
Canadian real estate sales are falling faster than the industry is anticipating, and condo sales hit an all-time high across the country.
The Canadian Real Estate Association forecast was recently updated, let’s see how far from reality it is compared to the current market.
Canadian real estate prices got even wackier, as more than half of the country’s large condo markets hit all-time pricing highs in July.