Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Yield Curves: Canada’s Recession Indicator Is Now Flashing Red Alert Another indicator is warning that a recession is likely approaching in Canada. The 10-2 spread, the difference between 10 and 2 year government bonds, turned negative. A negative spread, a.k.a. yield […]
The recession indicator “that has a perfect record” in the US is now flashing red alert in Canada. Canada’s 10-2 treasury yield spread officially inverted in July. The spread has been flattening since 2017, but finally turned negative last month. The yield curve inversion indicates investor expectations for the future are spiraling lower. We know, […]
Savings? Canadian households don’t want to hear about your exotic German habits. Statistics Canada (Stat Can) numbers show the unadjusted household savings rate had an abysmal Q1 in 2019. The rate of household savings made the weakest Q1 print in over 59 years of data. Combine that with higher debt loads, and even a rate […]
Canada’s Millennials are racking up quite the tab, according to a major credit agency. Transunion Canada released their latest insights on demographic credit trends. Millennials now hold more debt than the Baby Boomer generation, for the first time ever. In fact, they borrowed almost three out of four dollars in debt added to the pile […]
Canadian real estate price growth may not be what it appears to be, according to a Big Six bank. Teranet – National Bank of Canada House Price Index (TNB HPI) numbers show a prices increased in July. However, the growth rate is down to the lowest level since the Great Recession. The index authors also […]
Canadian real estate prices are back to growing, after seeing minor price declines for half of a year. Canadian Real Estate Association (CREA) numbers show home prices have returned to growth in July. National price growth is being driven by a boom in markets that underperformed over the past 5 years. Canadian Real Estate Prices […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 7 First-Time Homebuyers Are Tapping The Bank Of Mom And Dad Ontario’s first-time buyers aren’t pursuing ownership alone, and instead are looking for much older help. Condo apartments bought with multiple owners with an age gap of 20 […]
The bank of mom and day may be undergoing an aggressive expansion. Teranet, Canada’s largest land registry operator, conducted an analysis on ownership in Ontario. First-time buyers scoring a place on their own is on the slide. Most aggressively taking its place, is buying with a second owner at least 20 years older. The firm […]
World’s largest bubble? Canadians aren’t buying it, but they are rushing to buy homes again. Canadian Real Estate Association (CREA) numbers show a massive jump in sales for July. The increase makes it the most July sales in years, with only 2 major markets showing declines. Canadian Real Estate Sales Rise Over 12% From Last […]
Vancouver’s detached real estate market made improvements, but it isn’t back to normal. Real Estate Board of Greater Vancouver (REBGV) numbers show sales made a huge climb in July. However, the double digit rise in sales still fell short of typical volumes for the month. As a result, the price of a typical detached home […]
