US Federal Reserve Bank indicators show Canadian real estate prices were still “overheating” in the fourth quarter of 2017, and buyer exuberance actually increased.
The Crown Corporation in charge of Government research on Canadian real estate says markets are cooling, but the country still remains highly vulnerable – especially in Toronto and Vancouver.
Low interest rates driving Toronto’s condo market? Not exactly. Nearly a third of mortgages on new condos being occupied by the owner, are paying rates nearly double the average.
Canadian banks are reporting record low mortgages defaults. That’s often a misread sign of market health, but likely means we’re seeing real estate exuberance.
The Government agency in charge of mortgage liquidity still thinks Canadian real estate is at a “high” degree of vulnerability, although the reasons vary by market.
Trying to extract some of that money you’ve made with Canadian real estate? If you’re taking out a reverse mortgage, you’re going to make sure you pay your property taxes on time, every time.
Time for your weekly cheat sheet on the most important real estate stories. Canadian Real Estate The Canadian Government Used “Fake News” To Drive Real Estate Borrowing… Seriously Turns out the Government of Canada has been sponsoring news on the down-low for years. Various departments have using News Canada to distribute stories, with no mention […]
For better or worse, real estate is one of the most important drivers of the Canadian economy. Residential structure investment, the amount of capital deployed for building new housing, reached one of the highest ratios against Gross Domestic Product (GDP) ever. Great news for the housing industry, but a recession has always followed at this […]
Canadian real estate sales are down across the country, especially in the Greater Toronto and Greater Vancouver area. That’s bad news for the Canadian economy.
Canadians are using their real estate to secure more debt at a new record pace, according to filings made with Canadian banking regulators.
