Teranet: Toronto Real Estate Prices Stop Declining, “Entirely Due To Condos”
Teranet’s Toronto real estate price index has stopped declining, but there’s a little more to those numbers.
This Week’s Top Stories: CIBC Kills Foreign Income Mortgage Program, and The CMHC Says Toronto and Vancouver Real Estate Is Showing “Excessive Exuberance”
Time for your cheat sheet on this week’s most important real estate stories. Canadian Real Estate CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder CIBC is discontinuing its Foreign Income Program, a program designed to help those with foreign income obtain an uninsured mortgage. The program is being replaced with new, more […]
Canadian Real Estate Sales See Largest Drop Since 2008, Here’s Why
Canadian real estate sales see the biggest drop since the Great Recession, and it’s actually in line with what was expected.
CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder
Foreign buyers looking to buy Canadian real estate just got a massive hurdle when obtaining a mortgage, from CIBC – one of the country’s largest banks.
Toronto and Vancouver Real Estate Showing “Excessive Exuberance” Shows CMHC Indicator
Canada’s largest real estate markets may be seeing irrational buying. The Canada Mortgage And Housing Corporation (CMHC), a Crown corporation, has developed a new method of tracking over enthusiastic buyers. The method detects periods of accelerated price growth, in Canada’s largest markets. The most recent readings show Toronto and Vancouver are showing excessive exuberance. Montreal […]
CMHC: A Quarter of Vancouver Real Estate Price Increases Can’t Be Explained
Vancouver real estate prices have been soaring, and the CMHC thinks they know why… for the most part. They still can’t explain almost a quarter of recent gains.
CMHC: More Than Half of Toronto Real Estate Price Increases Unexplained
Toronto real estate prices have been soaring, but how much higher than they should be? The CMHC thinks almost 60% of the gains were unexplained.
Toronto Detached Real Estate Prices Fall Below Inflation, Inventory Jumps Over 195%
Toronto’s detached real estate continues to explore where prices should be. Numbers from the Toronto Real Estate Board (TREB) show detached prices are starting to fall across Greater Toronto. The lower prices were accompanied by lower sales, and higher inventory. Sounds bad, but that means the market is now adopting healthy market mechanics. Healthy market […]
This Week’s Top Stories: Canadian Mortgage Growth Is Decelerating, and Toronto Real Estate Gets First Median Price Decline Since 2009
Canadian mortgage growth is decelerating, and Toronto real estate gets its first media price decline since 2009.
Canadian Mortgage Growth Falls To The Lowest Rate In 2 Years
Canadian mortgage credit growth drops to its lowest level in two years. Here’s what that means for real estate prices.
