FOMO Sends Canadian Real Estate Sales To Record High
Canadian real estate sales soared to a record high, as FOMO drives buyers to “squeeze” in before mortgage stress testing becomes mandatory.
Teranet: Montreal and Toronto Real Estate Prices Drop, Vancouver Soars
Montreal and Toronto real estate prices decline, but Vancouver rises so much it brings the whole Teranet index into positive territory.
This Week’s Top Stories: Over 81,000 Canadian Real Estate Buyers Would Have Failed Stress Testing, and Toronto is Low On Density, High on Prices
Over 81,000 Canadian real estate buyers would have failed stress testing, and Canada’s most expensive cities are low on density, high on prices.
Canadians Are Going To See A Huge Reduction of Borrowing Power… On Top of Stress Tests
Canadian real estate buyers, already hammered by the new OSFI mortgage stress test, are going to see their borrowing power reduced even further as rates climb.
Toronto and Vancouver Real Estate Rank Low For Density, High For Prices
Canadian real estate prices have been climbing, in cities with perceived housing shortages. The belief that there isn’t enough land to accomodate more people, shot prices higher in Toronto and Vancouver. This week, the Fraser Institute poured some cold water on that narrative, showing that Canadian cities have a long way to go in terms […]
Canadian Cities Rank Low For Density, But Also Economic Output
Despite having some of the most expensive real estate in the world, Canadian cities rank low on density. Unfortunately, they also rank pretty low for economic output.
Over 81,000 Canadian Real Estate Buyers Would Have Failed The New Stress Test
Canadian real estate would have seen over 81,000 mortgages not qualify if low-ratio stress testing went live last year, here’s what that could mean.
Toronto Real Estate Listings Were Up Over 172% In December
Toronto real estate saw prices decline for a seventh consecutive month, as sales continued to slide and inventory climbs.
This Week’s Top Stories: Canadian Real Estate Buyers Prefer To Leave The Smallest Down Payment Possible, and They’re Turning To Unregulated Lenders
Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate New Mortgage Distribution Data From The BoC Shows Stress Testing Is A Huge Deal The Bank of Canada (BoC), Canada’s central bank, has determined that Canadians prefer to leave the smallest down payment possible. In 2016, 18.04% […]
New Mortgage Distribution Data From The BoC Shows Stress Testing Is A Huge Deal
Canadian real estate buyers have been maxing out their borrowing room, according to calculations from the Bank of Canada.
