Canadians are getting cold on mortgage borrowing in 2018. Bank of Canada (BoC) numbers show the balance of outstanding mortgages hit a new high. Despite the high, don’t expect the same kind of growth we saw last year. The new high comes with a rapid taper on the growth rate, as higher interest rates and […]
Despite Toronto real estate prices hitting a road block, the price of a home across Canada has reached a record high.
A civil court case over some pricey pieces of Toronto real estate leaves a lot of questions unanswered about the state of Canadian lending practices.
The US Fed Thinks Canadian Real Estate Buyers Are “Exuberant,” and The CMHC Says Toronto and Vancouver Are Highly Vulnerable, Overvalued Markets
US Federal Reserve Bank indicators show Canadian real estate prices were still “overheating” in the fourth quarter of 2017, and buyer exuberance actually increased.
The Crown Corporation in charge of Government research on Canadian real estate says markets are cooling, but the country still remains highly vulnerable – especially in Toronto and Vancouver.
Low interest rates driving Toronto’s condo market? Not exactly. Nearly a third of mortgages on new condos being occupied by the owner, are paying rates nearly double the average.
Canadian banks are reporting record low mortgages defaults. That’s often a misread sign of market health, but likely means we’re seeing real estate exuberance.
The Government agency in charge of mortgage liquidity still thinks Canadian real estate is at a “high” degree of vulnerability, although the reasons vary by market.
Trying to extract some of that money you’ve made with Canadian real estate? If you’re taking out a reverse mortgage, you’re going to make sure you pay your property taxes on time, every time.
