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Canada

Canadian Mortgage Holders See Credit Improve, But It Doesn’t Mean What You Think

August 22, 2018

Canadian real estate owners with a mortgage are doing “very good” with their payments. The Canada Mortgage and Housing Corporation (CMHC), using Equifax data, is observing credit score improvements across the country. The average credit score of Canadian mortgage holders is improving. This may come as a surprise to some, but it doesn’t mean what […]

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Canada

Canadians Withdraw Another $2 Billion In Home Equity Over A Month

August 21, 2018

Another $2 billion worth of equity was withdrawn from Canadian real estate in June, sending the outstanding balance to a new record.

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Canada

Montreal Heats Up, While Toronto and Vancouver Real Estate Continue To Cool

August 20, 2018

Montreal and Ottawa real estate markets are heating up, while Toronto and Vancouver’s real estate markets continue to cool.

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Top Stories

This Week’s Top Stories: Canadian Real Estate Sales Fall, While Second Mortgages Rise Across The Country

August 19, 2018

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 10 Mortgages Issued In Canada Are On An Already Mortgaged Home The Canada Housing and Mortgage Corporation (CMHC) found that multiple mortgages on the same home is on the rise. Analysts counted 145,013 new loans on already […]

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Canada

Over 1 in 10 Mortgages Issued In Canada Are On An Already Mortgaged Home

August 17, 2018

Canadian real estate price spiked in 2017, and a lot of homeowners have already spent that equity. Canada Housing and Mortgage Corporation (CMHC) numbers show a huge number of people are taking out multiple mortgages on their homes. The trend now represents over 1 in 10 mortgages issued in the country, and nearly half are […]

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Canada

Toronto Real Estate Sales Lead Canada For Growth, BC Leads The Declines

August 16, 2018

Canadian real estate sales continue fall to new lows. Canadian Real Estate Association (CREA) numbers show only 3 markets with more than 500 sales had year over year growth. Those that did see growth, only saw mild growth compared to previous years. The exception is Toronto, but that isn’t what it appears to be either. […]

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Vancouver

Vancouver Condo Inventory Jumps 66%, Largest Monthly Price Decline Since 2012

August 15, 2018

The Greater Vancouver condo market is quickly changing. Real Estate Board of Greater Vancouver (REBGV) numbers show July saw inventory surge. The rise in inventory was met with big declines in sales, releasing a lot of the pressure for prices to rise. Vancouver Condo Prices Fall For A Second Month The price of a typical […]

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Toronto

Toronto Condos Squeeze Out The Smallest Price Change Since August To Print New High

August 15, 2018

Toronto real estate saw a minor price acceleration last month, and condos were no exception. Toronto Real Estate Board (TREB) numbers show the price of a typical condo is just below the all-time high. For the first time since December, annual price gains stopped decelerating. This could be a sign of the market getting ready […]

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Canada

Teranet: Canadian Real Estate Prices Continue To Decelerate, Smallest Growth Since 2009

August 14, 2018

Canadian real estate prices have never been more expensive, but the rapid deceleration of gains to 2009 levels means that might change soon.

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Canada

Canadian Households See Borrowing Costs Rise To Highest Levels Since 2011

August 13, 2018

Canadian real estate buyers are facing the highest cost of borrowing since 2011, and that’s going to cool credit demand even further.

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