Sorry Vancouver, But Toronto Is The King of Risky Mortgage Debt
Soaring real estate prices are inspiring Canadians across the country to jump into homeownership, even if they can’t afford it.
One of Canada’s Largest Mortgage Lenders Just Imploded, Here’s What Happened
Home Capital Group, one of Canada’s largest mortgage lenders is imploding. Here’s what happened, and what it means.
More People Are Buying Toronto Real Estate That Shouldn’t, And Half Are At Risk of Defaulting
Toronto real estate buyers scrambling to get in the market are increasingly taking out high-ratio mortgages, with far too little income.
Vancouver Condo Market Sees Prices Increase, Despite Less Sales
Vancouver condo prices rising despite less sales? It has to do with inventory, that dropped giving the same relative demand as last year.
Toronto Condo Prices Were Up 23.98% In March
Toronto condos saw prices rise over 23% in March. The increased prices come with increased sales, and weaker inventory than last year.
This Week’s Top Stories: Bank of Canada is Full of S**t, Canada’s Shadow Banks, and Vancouver Rentals
A summary of the most important Canadian real estate stories: Canada’s reliance on debt, Toronto speculators, and Vancouver renters.
Renting In Vancouver Just Turned Into “The Hunger Games”
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.
Foreign Buyers or Domestic Greed? Over 121,000 Toronto Homeowners Own Multiple Homes In The City
New data from the Ministry of Finance shows that Toronto real estate has a bigger problem than foreign buyers, speculators from Toronto.
Canada’s $1.1 Trillion Shadow Banking Sector Is Now Half As Large As Banks
Canada’s addiction to credit has created a massive shadow banking sector, which is now more than half the size of traditional banks.
Vancouver Detached Homes Get First Price Increase In 8 Months
Vancouver real estate got a little good news in March. Detached homes stopped their 8 months slide, with a pretty solid uptick in prices.
