This Week’s Top Stories: Canadian Real Estate Compared To Past Bubbles & Lender Losses Surge

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68% Canadian mortgage lenders are reporting significantly higher average loan losses. The average loss reached $96,000 in Q3 2022, up a whopping 68.4% (US$39,000). This indicates liquidity is falling for sellers, which […]

Canadian Consumer Insolvencies Jump Over 22% Higher, Still Below 2019-Levels

Canadian households are facing a trifecta of problems—rising rates, soaring inflation, and lots of debt. Office of the Superintendent of Bankruptcy Canada (OSB) data predictably shows rising insolvencies for September. However, even with a sharp climb, insolvency filings have yet to reach 2019 levels. Households are increasingly feeling the pressure of debt, but we’re still […]