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% […]
Canadian real estate buyers are increasingly using non-Big 5 lenders… sort of. Teranet, the country’s largest land registry operator, crunched the numbers for Ontario. In 2018, Canada’s Big 5 banks lost a considerable share of the market compared to the year before. However, looking at a period of longer than a year, their market share […]
Rising borrowing rates are putting a drag on the growth of Canadian household debt. Bank of Canada (BoC) numbers show household debt fell from an all-time high in January. The drop stalled the annual pace of growth at the same level one month before – at the lowest levels since 1983. Canadian Households Owe Over […]
Slow Canadian real estate sales may be starting to weigh on the country’s largest banks. Canadian Bankers Association (CBA) numbers show an annual decline in mortgages. The annual decline of mortgages is the first for the country’s largest lenders. Canadian Banks Hold Over 4 Million Mortgages Canada’s largest banks are seeing the number of mortgages […]
Greater Vancouver real estate has been getting major price cuts this year. Real Estate Board of Greater Vancouver (REBGV) numbers show prices made a large drop in February. The price declines came as sales dropped to recession level lows, and inventory hit a multi-year high for the month. Greater Vancouver Real Estate Prices Are Down […]
Toronto real estate sales were recession like in numbers, but prices climbed higher. Toronto Real Estate Board (TREB) numbers show last month’s sales were the fewest for a February in a decade. The decline in sales were accompanied with a mixed change in inventory, and a rise in prices. Toronto Real Estate Prices Rise Over […]
Canadian mortgage growth continues to underwhelm. Bank of Canada (BoC) numbers show outstanding residential mortgage credit hit a new record high in January. The record was dwarfed by the slowest annual pace of growth for a January in over three decades. Canadians Owe Over $1.5 Trillion In Residential Mortgage Credit The outstanding balance of mortgage […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver Real Estate See Mortgage Delinquencies Start To Climb Mortgage delinquencies in Toronto and Vancouver are off an of all-time low, especially on larger loans. Delinquencies on mortgages over $400,000 at origination in Toronto CMA increased 28.75% from […]
Toronto and Vancouver real estate is seeing default rates climb from recent lows. Canada Mortgage and Housing Corporation (CMHC) numbers show the ratio of delinquencies is climbing in both cities as of Q3 2018. The increase is most notable for the largest mortgages, a potential sign that reduced liquidity is making an impact. Mortgage Delinquencies […]
