Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Slip Further As Sellers Suddenly Surge Canadian real estate markets continue to soften, with few signs of a break. The benchmark (typical) home price slipped lower in October, and is 14.6% below the March 2022 record high. Slow […]
Canadian real estate markets have come to a halt, and so has mortgage borrowing. Bank of Canada (BoC) data reveals residential mortgage credit growth slowed further in September. Higher rates have almost killed activity, with debt accumulating at the slowest rate in 20 years. Is it too slow or the expected response following unprecedented real […]
Canada keeps repeating it’s spending billions on new housing, but with who, and how does it help? Earlier this week, Deputy Prime Minister Chrystia Freeland announced $1.2 billion worth of investments to build rentals in Toronto. It turns out over a third of those funds are going into one project—373 Front St East, which are […]
Canadian real estate markets continue to soften, with few signs of a break. Canadian Real Estate Association (CREA) data shows markets weakened further in October. The price of a typical home (composite benchmark) slipped further from peak, as sales failed to keep up with the sudden surge of sellers. Canadian Real Estate Prices Are Moving […]
Canadians looking for some mortgage relief might get some in the coming months. At least those looking for a fixed rate term. This morning, Government of Canada (GoC) 5 year bond yields fell sharply in response to soft American inflation data. Falling yields are part of a broad trend currently driving down mortgage costs. Though […]
Central banks around the world are finding that creating inflation is a lot easier than taming it. The International Monetary Fund (IMF) warns sticky inflation will lead to rates remaining higher for longer than previously thought. As a result, they believe bank regulators should begin work to ensure banks are more resilient ahead of potential […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Can Diverge From The Fed, But We Doubt It: BMO Canada’s monetary policy typically follows the US, but it may no longer be able to keep up. The US economy continues to show strong growth, potentially requiring even […]
The American and Canadian economies usually move in lock step, and generally so does policy. That’s changing, as the US continues to show robust growth despite higher rates, while Canada’s economy won’t budge. As a result, many believe the Bank of Canada (BoC) may have to make what’s thought to be an unusual move—diverge from […]
Canadian credit is normalizing after an epic binge, and it’s presenting some red flags. Office of the Superintendent of Bankruptcy (OSB) data showed a downtick for Q3 insolvency filings. The drop was mostly seasonal, with the volume still trending towards pre-pandemic levels. That may sound like a return to normal, but there’s one big change—insolvency […]
Being overly indebted is as Canadian as hockey, maple syrup, and mortgage fraud. Naturally, a new poll from Abacus reveals debt costs may be the deciding factor in the next election. The poll found a third of people would change their vote and re-elect the Liberals for a cheaper mortgage. Talk about voting with their […]
