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 […]
Canada’s real estate slowdown is still trickling through the mortgage market. Bank of Canada (BoC) data shows mortgage originations continued to fall in January. The volume of new lending has virtually dropped off a cliff, as higher rates throttle leverage. Sky-high home prices that are falling aren’t exactly providing much buyer incentive either. Canadian Mortgage […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Climb For The First Time In Nearly A Year Canadian real estate prices rose in February for the first time in nearly a year. CREA’s benchmark price showed the largest decline in annual growth in its history. The […]
Canadian real estate prices have been spiraling lower, but is a change in trend around the corner? Data from the Canadian Real Estate Association (CREA) shows that the price of a typical home increased in February. The national composite’s benchmark price had not moved higher since rate hikes began nearly a year ago. One increase […]
Canada was no exception to the retreat of global bond yields after the US banking crisis hit last week. The Government of Canada (GoC) 5-Year Bond yield plunged at one of the fastest rates in a generation. It wasn’t alone, with most yields falling—potentially signaling lower borrower costs. That is, if the panic-driven drop sticks […]
Canadian real estate is sucking up the oxygen in the room once again, as rising rates pinch households. Statistics Canada (Stat Can) data shows households are spending a record share of their disposable income on mortgage payments. Rising prices and rates are consuming even more income for payments than during the 90s bubble. However, this […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Only One of Canada’s Big Six Banks Expects Real Estate Prices To Rise Canada’s Big Six banks have released their base case forecasts for real estate prices and only one of them expects prices to rise in the next year. RBC is […]
