Canadian real estate owners reached a new debt milestone. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by residential real estate reached a new high in April. The new high is the first-time in history the balance has passed the $300 billion mark. Loans Secured By Residential Real […]
Canadian real estate prices broke a seven month losing streak last month. Teranet–National Bank of Canada House Price Index (TNB HPI) numbers show prices made a monthly increase in May. The increase broke a very long losing streak . However, National Bank warned it wasn’t the good news it may appear to be. May is […]
Some Canadian real estate buyers are blowing off last year’s decline in sales. Canadian Real Estate Association (CREA) numbers show sales made a large increase in May. The rise, while substantial, failed to bring volume to historically significant levels. Last month’s sales still fall short of the average. Canadian Real Estate Sales Jump, But Fall […]
Canadian real estate owners are paying a lot for the privilege of their debt pile. Statistics Canada (Stat Can) numbers show mortgage payments hit an all-time high in Q1 2019. Even with near record low rates, interest is rising faster than principal payments. Over half of all payments go towards interest, and the ratio is […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Vancouver Real Estate Is No Longer The Country’s Most Expensive Market The price of a typical home across Canada is getting cheaper for the first time in years. The benchmark price across the country fell to $624,400 in May, down […]
Canadian real estate prices are moving higher seasonally, but the annual change is diving further down. Canadian Real Estate Association (CREA) numbers show prices made an annual decline in May. The decline didn’t have a significant impact, with a number of markets even printing an all-time high. However, the decline does demonstrate a major shift […]
The Greater Vancouver detached real estate scene is looking worse. Real Estate Board of Greater Vancouver (REBGV) numbers show prices fell to a three year low in May. The drop in prices came with the fewest May sales in over a quarter century. Greater Vancouver Detached Real Estate Prices Roll Back 3 Years Detached real […]
It’s been two years since Toronto’s detached real estate market peaked, and it’s not quite back to normal yet. Toronto Real Estate Board (TREB) numbers show prices made a small move higher in May. Rising prices are still significantly below the peak reached a couple years ago. Generally speaking, the market did see higher sales […]
Canada has a lot of housing in the works. CMHC numbers show construction of new houses in the county’s largest cities picked up in May. The increase puts the number of homes being built at an all-time record high. Canadian Real Estate Under Construction Has Never Been Higher Residential real estate under construction in Canada’s […]
One of Canada’s top credit bureaus warned of higher delinquencies in 2019, and here they are. Equifax numbers show consumer delinquencies are on the rise in Q1 2019. The move was expected by the firm, which stated in the previous quarter, that 2019 would see higher levels. The overall rates remain relatively low, however credit […]
