Toronto Detached Real Estate Is Down Over $100k From Peak
Toronto detached real estate saw a surge of sales in July, but prices continued to drop and inventory increased.
Vancouver Real Estate Sales Hit 18 Year Low, Prices See Slowest Growth Since 2015
Vancouver real estate just had the worst July for sales in nearly two decades, sending price growth tumbling down to 2015 levels.
This Week’s Top Stories: Canadian Mortgage Growth Plummets As The Credit Cycle Breaks Down, and Toronto Real Estate Inches Lower
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001 Canadian mortgages growth is slowing, and fast. The balance of mortgage credit at large lenders reached $1.515 trillion, up $5.06 billion. That sounds huge, but it’s actually almost half of […]
Toronto Real Estate Prices Slip Lower, But The Size of Losses Shrink
Toronto real estate showed signs of improvement from last year, but that doesn’t exactly say much. Toronto Real Estate Board (TREB) numbers show sales improved in July, printing a huge jump. Last year’s numbers were hampered by policy changes, so it isn’t the great news it appears. Despite showing big gains, most numbers indicate it […]
CMHC: Canadians Over 55 Are Sitting On Over $277 Billion In Real Estate Debt
Canadian real estate debt is at epic levels, but who are these people borrowing? The Canada Mortgage and Housing Corporation (CMHC) and Equifax provided us with a breakdown of debt, shedding a little light on homeownership at the end of 2017. Despite elevated home prices across Canada, there’s over a million Millennial homeowners. Even more […]
It’s Not “Stress Testing” Canadian Real Estate Buyers, The Credit Cycle Is Breaking Down
Household debt in Canada continued to see growth slow in June, according to new numbers from the Bank of Canada.
Over 1 In 10 Canadians That Bought Real Estate In 2017, Borrowed Over $600,000
Canadians rapidly turned to larger mortgages last year, according to new data from the Canada Housing and Mortgage Coproration.
Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001
Slowing Canadian real estate sales are hitting mortgage credit growth. Bank of Canada (BoC) numbers show June’s mortgage credit numbers grew close to half as much as last year. Even worse, the slow credit growth is on track to head even lower. Canadians are now in the worst mortgage market for growth in nearly two […]
This Week’s Top Stories: Canadian Seniors Go On A HELOC Funded Renovation Binge, And Every Real Estate Market West of Ottawa Cools
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Every Major Canadian Real Estate Market West Of Ottawa Is Cooling Down The Canadian Real Estate Association (CREA) released date for their largest markets. The data point that jumps out is the shift in the sales to new listings ratio (SNLR). […]
The BoC Still Thinks Canadian Real Estate Is More Affordable Today Than In 2008
Unaffordable real estate? The Government has no idea what you’re talking about. The Bank of Canada (BoC) Housing Affordability Index (HAI) shows affordability improved since 2008. Despite the hard to believe reading, it provides an interesting warning. Affordability of real estate is deteriorating with minor rate hikes, compared to 2008. Housing Affordability Index The BoC’s […]
