This week’s top real estate stories were around subprime lending in Canadian real estate, and prices are still climbing.
Real estate markets are healthy because there’s a low level of defaults, right? Not exactly. Junk economists (and that cousin of yours that gives unsolicited investment advice) often explain that the lower the levels of mortgages in arrears, the healthier the market. In actuality, it’s the opposite. Low levels of defaults are a sign that […]
Soaring real estate prices are inspiring Canadians across the country to jump into homeownership, even if they can’t afford it.
Home Capital Group, one of Canada’s largest mortgage lenders is imploding. Here’s what happened, and what it means.
Toronto real estate buyers scrambling to get in the market are increasingly taking out high-ratio mortgages, with far too little income.
Vancouver condo prices rising despite less sales? It has to do with inventory, that dropped giving the same relative demand as last year.
Toronto condos saw prices rise over 23% in March. The increased prices come with increased sales, and weaker inventory than last year.
A summary of the most important Canadian real estate stories: Canada’s reliance on debt, Toronto speculators, and Vancouver renters.
The CBC just reported over 130 people lined up for a shot at renting a single apartment, and things could get worse for Vancouver renters.
New data from the Ministry of Finance shows that Toronto real estate has a bigger problem than foreign buyers, speculators from Toronto.
