Top Stories

This Week’s Top Stories: Bank of Canada Sends Home Sales Soaring, While Mortgage Defaults Rise In Toronto and Vancouver

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Toronto And Vancouver See Mortgage Delinquencies Rise To Highest Level Since 2016 Canadian mortgage delinquencies are flat, but it’s a little more interesting by city. At the national level, the rate of delinquency hit 0.3% in Q3, flat from the previous […]

Canada

Toronto Real Estate Forecasted To Barely Beat National Price Growth: Royal LePage

One of Canada’s largest real estate brokerages sees big price growth, just not in the country’s biggest city. Royal LePage released its forecast for Canadian real estate prices in 2021. They note the pandemic has accelerated a relocation pattern that started before the pandemic. Consequently, while price growth is optimistic, cities like Toronto are barely […]

Canada

Toronto and Vancouver See Mortgage Delinquencies Rise To Highest Level Since 2016

Canada’s mortgage delinquencies are flat, but that story is much more interesting by region. Canada Mortgage and Housing Corporation (CMHC) data shows mortgage delinquencies are flat in Q3 2020. It’s a little different looking at the biggest real estate markets though. In Toronto and Vancouver, delinquencies are still rising to multi-year highs. Montreal is performing […]