Toronto is expecting a lot more real estate supply, and that’s going to be a drag on rental price growth. Urbanation, a leading research firm for developers, is forecasting a big drop in the rate of growth for apartment rental rates in 2019. The firm expects the rise in new apartments to trim growth in […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Keeps Dropping, Prints New 17 Year Low Canadian mortgage growth dropped to a multi-year low. The balance of outstanding mortgage credit reached $1.53 trillion in November, up 3.2% from last year. While the dollar amount is at […]
Canadians love real estate so much, they’ve sent price growth higher than almost all of its peers. US Federal Reserve numbers show the market had the highest price growth of any G7 country, as of 2018 Q3. Just last year, prices in Canada were the fastest growing annually in the group. This year, they’re the […]
Canadian households are showing signs they’re tapped out. Bank of Canada (BoC) numbers show the balance of outstanding credit reached a record high in November. The record is overshadowed by the continued deceleration of growth, however. Households borrowed at one of the slowest paces in decades, with big drops in consumer and mortgage growth. Canadians […]
‘Twas the night before Christmas, when all through the house – not a creature was stirring, not even a mouse. Well, except for Evan Siddall… fine, it was the afternoon and he was on Twitter. On Christmas Eve, the CEO of the Canada Mortgage and Housing Corporation (CMHC) defended mortgage stress testing. The head of […]
Vancouver’s detached real estate market has wiped out over a year of gains. Real Estate Board of Greater Vancouver (REBGV) numbers show prices continued to fall in December. The falling prices were accompanied by a record low for sales, and higher inventory. Greater Vancouver Detached Prices Fall Over 7% The price of a typical Vancouver […]
Toronto’s detached real estate market continued to get colder last month. Toronto Real Estate Board (TREB) numbers show prices stalled in December. The lack of price movement was due to a multi-year low for sales, and higher than typical inventory. The Price Of A “Typical” Detached Is Almost Flat Detached home prices didn’t move much […]
Slow Canadian real estate sales are still dragging mortgage credit growth lower. Bank of Canada (BoC) numbers show outstanding mortgage credit reached a new record high in November. The high was accompanied by slowing growth, which is showing signs that it could slow further. Canadians Have Over $1.539 Trillion In Mortgage Debt The balance of […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Debt Is Back Above US Great Recession Numbers Canadian household debt to income ratio (DTI) are now above peak US levels. Household DTI reached 166.79% in Q3 2018, up 0.15% from last year. That might seem low if […]
Vancouver real estate, welcome to the bear market. Real Estate Board of Greater Vancouver (REBGV) numbers show price declines became larger in December. The drop in prices came with a huge decline in sales, and a surge in inventory. Greater Vancouver Real Estate Prices Fall Over 2.7% The price of a “typical” home across Greater […]
