Canada

Canadian Household HELOC Debt Is Barely Growing

Canadians are becoming a little more cautious about using their homes like ATMs. Office of the Superintendent of Financial Institutions (OSFI) filings show loans secured by residential real estate slowed dramatically in December. This segment of debt has been slowing in growth over the past year. Recently, the balance has begun negative real growth. Canadians […]

Top Stories

This Week’s Top Stories: Canadians Are Back To Pumping Massive Amounts Into Real Estate, While Incomes Stall

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Grows Almost 5x GDP, Economy Hits Record High Dependency Canada’s FIRE industry is growing much faster than the general economy. GDP reached $1.98 trillion in Q4 at annual rates, up 1.6% from the previous quarter. Finance, insurance, and […]

Canada

Toronto and Vancouver Incomes Decline, While Canada Is “Virtually Unchanged”

Income growth is tepid, according to new data from Canada’s national statistics agency. Statistics Canada (Stat Can) data shows the median after-tax income of families and unattached individuals was nearly flat in 2018. That’s not incredibly surprising, however drilling down there’s some interesting details. Most notable to us – the pricey real estate markets of […]

Canada

This Week’s Top Stories: Canadian Real Estate Prices Make Biggest Move In Almost 2 Years, As Mortgage Restrictions Ease

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Toronto And Vancouver New Home Prices Fall, While Montreal Soars Canadian new home prices are stagnating, according to the New housing price index (NHPI). The national NHPI was flat in January, and is up just 0.19% from one year before. Toronto […]