Vancouver Real Estate Just Had The Worst September In 27 Years
Vancouver real estate is seeing rapid deceleration of price gains, and printed the worst sales numbesr in 27 years.
Toronto Real Estate Sales Pop In The 905, Drop In The City, and Inventory Rises In Both
Toronto real estate saw prices make a mild increase, but logged fewer sales in September than August – which is unusual.
RBC: Canadian Real Estate Is The Least Affordable Since 1990
Not that you needed a report to tell you this, but Canadian real estate is now at record levels of unaffordability. The RBC Economics Affordability Index approached record highs in Q2 2018. The index, which tracks how expensive it is to buy a home, hasn’t been this high since the 1990 Canadian real estate bubble. […]
Canadian Real Estate Owners That Tapped A HELOC Owe An Average of Over $97k
Canadian real estate owners are wasting no time burning though that new equity. Canada Mortgage and Housing Corporation (CMHC), using Equifax data, crunched the number HELOC borrowers across Canada. The agency found two-thirds of borrowers have used their HELOCs, and owe an average of nearly six-figures. Tapped Vs. Untapped HELOC Debt Home equity line of […]
This Week’s Top Stories: Toronto and Vancouver Real Estate Top The Bubble Index, and Pre-Sales Slow Down In The Six
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate UBS Ranks Toronto And Vancouver In Top 5 Global Real Estate Bubbles Swiss mega-bank UBS updated their Bubble Index, with Toronto and Vancouver making the list. Actually, they didn’t just make the list – they were in the top 5. […]
UBS Ranks Toronto and Vancouver In Top 5 Global Real Estate Bubbles
Toronto and Vancouver real estate are two of the world’s most bubbly markets, according to a Swiss mega bank. UBS analysts updated their Bubble Index, with both cities near the top of their list. The bank noted prices are elevated in most economic centers, so they’re not alone. Historically, analysts noted, elevated asset prices decline […]
Toronto New Condo Sales Drop Over 14%, Inventory Pops Even Higher
Remember when people used to line up for a chance to put a deposit on new Toronto real estate? Those days seem very far behind us. BILD and Altus Group data shows new condo apartment sales fell across Greater Toronto, while inventory rose. Don’t worry, people are still paying more for these units… a lot […]
Reverse Mortgage Debt On Canadian Real Estate Rises Over 45%
Senior Canadian real estate owners are tapping equity at a breakneck speed. Office of the Superintendent of Financial Institutions (OSFI) filings show reverse mortgage debt posted double digit gains in July. Actually, they’ve been posting double digit gains for nearly 6 years. Within the past year however, those gains have doubled. Reverse Mortgages Reverse mortgage […]
Canadian Real Estate Price Growth Is Climbing Again
Canadian real estate prices are just off of all-time highs. Canadian Real Estate Association (CREA) numbers show prices fell on a monthly basis in August, but were still positive from last year. The most interesting takeaway is the price growth deceleration across Canada, as interest rates rise. The rate of growth rapidly dropped, and bounced […]
Greater Toronto and Vancouver Real Estate Markets Are The Fastest Cooling In Canada
The Canadian real estate market continues to get cooler. Canadian Real Estate Association (CREA) numbers show declines to the sales to new listings ratio (SNLR) in all but 3 major markets for August . The declines to SNLRs were largest Greater Toronto and Vancouver, last year’s hottest markets. Sales To New Listings Ratio The sales […]
