Greater Vancouver’s detached buyers aren’t taking the lower price bait – at least not at these levels. Real Estate Board of Greater Vancouver (REBGV) numbers show detached prices were still falling in February. The decline in prices came with a multi-decade low for sales, and multi-year high for inventory. Vancouver Detached Real Estate Prices Are […]
Toronto detached real estate buyers still haven’t warmed up to (slightly) lower prices. Toronto Real Estate Board (TREB) numbers show price growth continued to decelerate in February. The deceleration was the result of recession levels of sales, and a multi-year high. Prices are close to the same point as last year, with a deteriorating ratio […]
Canadian real estate markets are heading into the busy season with negative price growth. Canadian Real Estate Association (CREA) numbers show an annual decline for the price of a benchmark home in February. The decline for the benchmark is the first since 2009, and the first for the index outside of recession. Canadian Real Estate […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Print Worst February Since Before The Great Recession Canadian real estate sales are slowing dramatically from last year. CREA reported 29,974 sales in February, up 25% from the month before. This represents a 4.41% decline compared […]
There were a lot less Canadian real estate buyers than normal last month. Canadian Real Estate Association (CREA) numbers show a drop in sales for February. The decline makes it one of the slowest Februaries for real estate sales in over a decade. Canadian Real Estate Sales Print Worst February In Over 12 Years Canadian […]
The Great Canadian real estate binge may be giving a few owners indigestion. Statistics Canada (StatCan) numbers show interest on mortgage debt reached a new high in Q4 2018. The spike is due to interest payments rising almost ten times faster than the pace of principal payments. Canadian Real Estate Owners Paid Over $9.8 Billion […]
Canadian real estate is off to a cool start. The Teranet–National Bank of Canada House Price Index (Teranet HPI) shows a new record was set in February. The record, wasn’t a great one though – it was for price declines. Canada’s biggest markets made the largest monthly decline outside of a recession. Teranet HPI The […]
Canadian real estate owners, including flippers, are taking a break from renovations. Bank of Canada (BoC) numbers show chartered banks are holding onto less outstanding residential renovation debt in Q4 2018. The annual growth of renovation debt has been on the decline for almost two years now. Canadians Have Over $2.97 Billion In Renovation Debt […]
Canadian real estate developers are pushing their debt capacity to new highs. Bank of Canada (BoC) numbers show developers racked up a new record high at for credit at chartered banks in Q4 2018. Debt levels for developers are almost three-quarters higher than previous peaks. Canadian Real Estate Developers Owe Over $16 Billion To Banks […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Big 5 Banks Lose Mortgage Market Share… Kind Of Canada’s Big 5 banks lost market share last year, but are still up over the long run. In 2018, the Big 5 lost 2.7 points of market share, holding 72.6% […]
