Canadian real estate drove debt levels across the country to a new record high, but higher interest rates have kicked off a deceleration of growth.
Canada’s ever expanding supply of money is finally starting to take a breather. Bank of Canada (BoC) numbers show M1+, a narrow measure of country’s money supply, is slowing in growth. The taper is most likely a sign that higher interest rates are impacting households. The measure is a useful indicator for the sale of […]
Canadian real estate debt hit a new high, and the news gets worse as they explain it further. The Bank of Canada (BoC) updated household debt numbers for March. In a speech this week, BoC’s Governor Stephen Poloz also gave further insights on the numbers. The record debt levels are concentrated in a smaller segment […]
Canadians are getting cold on mortgage borrowing in 2018. Bank of Canada (BoC) numbers show the balance of outstanding mortgages hit a new high. Despite the high, don’t expect the same kind of growth we saw last year. The new high comes with a rapid taper on the growth rate, as higher interest rates and […]
FCAC, a branch of the Government of Canada, thinks the banks have insufficient controls to monitor, identify, and mitigate risk in retail banking – with a special note on mobile mortgage specialists.
Canadian household debt saw the largest reduction since 2011, which sounds great – but presents a big problem for real estate.
Canadians didn’t experience the Great Recession, not to the extent that the rest of the world did. Sure, we logged a few quarters of Gross Domestic Product (GDP) declines, but there aren’t all that many heartbreaking stories of loss in Canada. This is often credited to the shrewd moves the Bank of Canada made. Rather […]
Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate New Mortgage Distribution Data From The BoC Shows Stress Testing Is A Huge Deal The Bank of Canada (BoC), Canada’s central bank, has determined that Canadians prefer to leave the smallest down payment possible. In 2016, 18.04% […]
Canadian real estate buyers have been maxing out their borrowing room, according to calculations from the Bank of Canada.
Canadian real estate buyers are increasingly turning to non-regulated lenders according to the Bank of Canada.
