Canadian households have abruptly cooled their appetite for credit. Bank of Canada (BoC) numbers show households reached a record level of debt in December 2018. Despite reaching new highs, Canadians are less keep on borrowing right now. It’s not just due to the decline in home sales either – consumers are starting to cool their […]
Falling Canadian real estate sales are still taking a bite out of mortgage growth. Bank of Canada (BoC) numbers show mortgage debt reached a record high in December. Despite the record, the annual pace of growth fell to a multi-year low. In fact, it’s only been lower for one month, over the past 30 years. […]
The growth rate of Canada’s money supply improved, but still points to a significantly slower economy. Bank of Canada (BoC) numbers show the M1+ growth rate improved in November. The slight improvement is dwarfed by the fact that the annual rate of growth is still a third lower than last year. The M1+ The BoC […]
Canadian households are showing signs they’re tapped out. Bank of Canada (BoC) numbers show the balance of outstanding credit reached a record high in November. The record is overshadowed by the continued deceleration of growth, however. Households borrowed at one of the slowest paces in decades, with big drops in consumer and mortgage growth. Canadians […]
Slow Canadian real estate sales are still dragging mortgage credit growth lower. Bank of Canada (BoC) numbers show outstanding mortgage credit reached a new record high in November. The high was accompanied by slowing growth, which is showing signs that it could slow further. Canadians Have Over $1.539 Trillion In Mortgage Debt The balance of […]
Canadian household borrowing rates may have hit a wall. Bank of Canada (BoC) numbers show the effective household borrowing rate stalled in December, for 4 consecutive weeks. The rate, which is the typical interest rate paid by households, is still substantially higher than last year. Effective Borrowing Rates The effective borrowing rate is the typical […]
Canada’s central bank has officially started to help out with mortgage liquidity. The Bank of Canada (BoC) announced their intention to buy Canada Mortgage Bonds at the end of November. The Bank bought nearly quarter of a billion of the bonds less than three weeks later. WTF Is A Canada Mortgage Bond? Canada Mortgage Bonds […]
One of Canada’s most important measures is showing choppy waters are ahead. Bank of Canada (BoC) numbers show the M1+, a measure of the money supply, continued to slow in October. The rate of growth is a leading indicator of economic growth, and is forecasting lean times ahead. The M1+ The M1+ is a narrow […]
Canadian real estate buyers aren’t the only ones being tight with the loans. Bank of Canada (BoC) numbers show household debt growth has fallen to the lowest level in more than 30 years. The decline in growth is so low, it’s something Canada hasn’t seen outside of a recession. Canadians Owe Over $2.15 Trillion In […]
Canadians are exercising more caution before stepping into the real estate market. Bank of Canada (BoC) numbers show mortgage credit growth continued to drop in October. The pace of growth has only been this low for two months in the past 30 years, but is still on track to head even lower. Canadians Owe Over […]
