Canadian households are split between those deleveraging and those continuing the borrowing spree. Bank of Canada (BoC) data shows outstanding mortgage credit was virtually flat in February. Not as bad as contracting, which is a rare event in Canada. However, prior to the past two months, mortgage credit hasn’t moved this slow in well-over a […]
Canadian real estate prices are rising again, and everyone is scrambling to explain. Sure, you make a compelling argument that [insert any city in Canada] is the next Manhattan. However, Bank of Canada (BoC) data reveals a more blunt answer—witchcraft. Just kidding, it’s the reintroduction of cheap credit and the leverage that comes with it. […]
Canada’s credit-crazy real estate buyers have flooded the market once again. Canadian Real Estate Association (CREA) data shows a benchmark, or typical, home rose in March 2023. Breaking the data down by market, most saw substantial increases. One market even saw prices rip over $40k higher over a span of just 31 days. Canadian Real […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Correction May Be Over As Prices Rip Higher Canada’s real estate correction has seen prices begin to head the other way. A benchmark, or typical home, jumped 1.7% (+$12,300) to $727,700 in March. It was the second consecutive increase […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Owners Aren’t Selling, Here’s Why Canadian real estate markets are seeing a drop in sales, but it’s the inventory drop that’s concerning. That was the warning BMO Capital Markets sent to investors this week. The reason? A lack of […]
Canada’s busy Spring market hasn’t begun with the typical flood of sellers. BMO Capital Markets warned investors a lack of new listings for sale might be a bigger problem than low sales. They attribute this to a number of factors, but they all boil down to one issue—there’s little reason to sell. Canada is hitting […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Will “Rip” Higher Due To The Fed: Scotiabank One of the country’s largest banks sees government policy driving home prices higher. Scotiabank warned investors that Federal policy is being rolled out to stimulate demand. Meanwhile, it’s contrary to […]
Canadian real estate might be slow right now, but a large bank thinks it’s going to “rip” soon. A new analysis from Scotiabank warns investors that the Federal government is at odds with the Bank of Canada (BoC) goals. The country’s central bank is trying to slow demand and the resulting inflation, while the Fed […]
The recent bank crisis will slow global growth, but no financial crisis is expected—yet. That was the takeaway from Oxford Economics‘ recent analysis on bank liquidity issues. Global liquidity isn’t as tight as it was 14 years ago, so the global research firm doesn’t see a 2008-like event soon. However, banks still potentially face large […]
Canadian real estate’s fling with variable rate mortgages is pretty much dead. Bank of Canada (BoC) data shows originations fell sharply, with variable rates representing just a tiny share in January. Variable rates went from the majority of mortgages to an unusually small share, in just one year. Canadian Mortgage Borrowing Is Unusually Slow Canadian […]
