Canadian Borrowing Rates Rise To A 7 Year High
Canadians are facing the fastest hike to borrowing costs since before the Great Recession, and it’s going to hurt real estate sales.
Canada’s Minor Interest Rate Hikes May Be Setting Up Major Economic Problems
The Bank of Canada’s M1+ is seeing growth plummet, as households and businesses adjust to the central bank’s interest rate hikes.
Canadians Held Onto More Cash In June, But It Looks Temporary
One of Canada’s broad measure of money showed a mild improvement. Bank of Canada (BoC) numbers show the M1+, the most liquid form of cash, saw a mild uptick in growth for June. The increase is a positive, and could mean Canadians are taking the interest rate hike well. Though a single month uptick is far […]
It’s Not “Stress Testing” Canadian Real Estate Buyers, The Credit Cycle Is Breaking Down
Household debt in Canada continued to see growth slow in June, according to new numbers from the Bank of Canada.
Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001
Slowing Canadian real estate sales are hitting mortgage credit growth. Bank of Canada (BoC) numbers show June’s mortgage credit numbers grew close to half as much as last year. Even worse, the slow credit growth is on track to head even lower. Canadians are now in the worst mortgage market for growth in nearly two […]
The BoC Still Thinks Canadian Real Estate Is More Affordable Today Than In 2008
Unaffordable real estate? The Government has no idea what you’re talking about. The Bank of Canada (BoC) Housing Affordability Index (HAI) shows affordability improved since 2008. Despite the hard to believe reading, it provides an interesting warning. Affordability of real estate is deteriorating with minor rate hikes, compared to 2008. Housing Affordability Index The BoC’s […]
Canadians Are Borrowing At The Highest Mortgage Rates In Over 5 Years
Canadian real estate buying power is taking a real hit. Bank of Canada (BoC) April numbers show, new borrowers paid the highest mortgage rates in years. Fast rising rates mean people are shaving off serious amounts of borrowing room. Here’s Why You Care About This The higher the interest rate, the less credit is extended […]
Canadians Hold Onto Less Cash As The Great Deleveraging Begins
Canadians are holding onto less cash, according to the country’s central bank. Bank of Canada (BoC) numbers show M1+, a measurement of “cash,” is seeing growth plummet. The deceleration of growth is a sign that consumers are spending more to service debt. That’s the good news. The bad news is it’s also a sign of […]
Canadian Credit Is Decelerating, Mortgage Growth Falls To Lowest Rate In 17 Years
Canadian real estate sales are feeling the pinch of higher interest rates, and consumer credit isn’t far behind. Bank of Canada (BoC) numbers show household debt printed a new record high. Despite the record high, the rate of growth continues to slow for consumer debt levels. The decelerating growth is yet another indicator that the […]
BoC: Private Lenders See Their Share of Canada’s Mortgage Market Double Since 2015
Canadian real estate sales have been increasingly been propped up by private mortgages, but just how large is this market?
