Real Estate Is The Only Reason Canada’s GDP Grew In February
Canada is now so dependent on real estate, it was the only reason the economy grew in February. Careful with those “cooling” measures.
This Week’s Top Stories: One of Canada’s Largest Mortgage Lenders Is Imploding, Subprime Is Spreading In Toronto, and Canadians Are Taking On More Risky Debt
This week’s top real estate stories were around subprime lending in Canadian real estate, and prices are still climbing.
Mortgage Defaults Don’t Indicate A Real Estate Bubble, A Lack of Defaults Do
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 […]
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.
