BoC: Private Lenders See Their Share of Canada’s Mortgage Market Double Since 2015
Canadian real estate sales have been increasingly been propped up by private mortgages, but just how large is this market?
This Week’s Top Stories: IMF Warns Real Estate Prices Are A Risk For Canada, and Canadians Are Paying A Record Amount Of Interest
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate IMF Warns That Canadian Real Estate Is A “Key Domestic Risk” The International Monetary Fund (IMF) is warning that real estate is a “key domestic” risk to Canada. Changes in price expectations, increasing mortgage rates, and unemployment could all be triggers […]
IMF Warns That Canadian Real Estate Is A “Key Domestic Risk”
Canadian real estate prices are one of the biggest risks to the country, according to a big three letter organization. The International Monetary Fund (IMF), the global organization dedicated to sustainable growth, released a statement after an official “mission” to Canada. The organization cited real estate prices as a “key domestic risk.” Changing price expectations, […]
Canadian Mortgage Lenders Are Collecting A Record Amount of Interest Payments
Record low interest rates? Don’t worry, lenders are making it up in volume. Statistics Canada’s latest release shows interest payments on mortgages in Q1 of 2018 are showing the largest growth since 2008. The multi-quarter record growth has households paying the most they’ve ever paid in interest per quarter, ever. Canadians Paid A Record Amount […]
BIS: Real Estate Prices Have Only Recovered In Half of G20 Countries Since 2007
Canadian real estate prices skipped the Great Recession, but most places weren’t so lucky. Analysts from the Bank of International Settlements (BIS), the central bank for central banks, crunched the numbers for G20 real estate prices. The majority of advanced economies saw home prices rise in 2017. Despite the increase, home prices in half of […]
Vancouver Real Estate Inventory Jumps 38%, Now At 34 Month High
Real Estate Board of Greater Vancouver show prices across the region moved higher in May, despite falling sales and soaring inventory.
Greater Toronto Real Estate Prices Are Down 5%, Sales Drop Over 20%
Toronto real estate prices are stalling, as higher listing inventory and falling sales takes its toll on the market.
Canadians Are Now Paying The Most To Service Real Estate Debt Since 1992
Boomers can quit saying buying a home was harder in the 1990s now. Statistics Canada numbers show mortgage debt service ratios (DSR) at the end of Q1 2018 have reached levels we haven’t seen in over 26 years. Despite near record low interest rates, the size of loans have pushed unaffordability to similar levels. This […]
This Week’s Top Stories: Canadian Mortgage Growth Slows To 2001 Levels, and Real Estate Prices Are Synching Across The World
Time for your weekly cheat sheet on the most important real estate stories. Canadian Real Estate Canadian Mortgage Growth Grinds To A Halt, Slowest Growth Since 2001 Mortgage debt growth is slowing very quickly across Canada. Bank of Canada numbers show mortgage debt stood at $1.528 trillion, up $2 billion from the month before. This […]
Global Real Estate Prices Are Synchronizing & Creating A Real Estate Supercycle… That’s Bad
Global economies are becoming more interconnected, and so are real estate markets. Researchers at the International Monetary Fund (IMF) measured prices in 44 cities, and 40 countries – both in advanced and emerging markets. What they found is that whole countries are seeing real estate prices in the closest synchronization since the Great Recession. Even […]
