It’s Not “Stress Testing” Canadian Real Estate Buyers, The Credit Cycle Is Breaking Down
Household debt in Canada continued to see growth slow in June, according to new numbers from the Bank of Canada.
Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001
Slowing Canadian real estate sales are hitting mortgage credit growth. Bank of Canada (BoC) numbers show June’s mortgage credit numbers grew close to half as much as last year. Even worse, the slow credit growth is on track to head even lower. Canadians are now in the worst mortgage market for growth in nearly two […]
The BoC Still Thinks Canadian Real Estate Is More Affordable Today Than In 2008
Unaffordable real estate? The Government has no idea what you’re talking about. The Bank of Canada (BoC) Housing Affordability Index (HAI) shows affordability improved since 2008. Despite the hard to believe reading, it provides an interesting warning. Affordability of real estate is deteriorating with minor rate hikes, compared to 2008. Housing Affordability Index The BoC’s […]
Canadians Are Borrowing At The Highest Mortgage Rates In Over 5 Years
Canadian real estate buying power is taking a real hit. Bank of Canada (BoC) April numbers show, new borrowers paid the highest mortgage rates in years. Fast rising rates mean people are shaving off serious amounts of borrowing room. Here’s Why You Care About This The higher the interest rate, the less credit is extended […]
Canadians Hold Onto Less Cash As The Great Deleveraging Begins
Canadians are holding onto less cash, according to the country’s central bank. Bank of Canada (BoC) numbers show M1+, a measurement of “cash,” is seeing growth plummet. The deceleration of growth is a sign that consumers are spending more to service debt. That’s the good news. The bad news is it’s also a sign of […]
Canadian Credit Is Decelerating, Mortgage Growth Falls To Lowest Rate In 17 Years
Canadian real estate sales are feeling the pinch of higher interest rates, and consumer credit isn’t far behind. Bank of Canada (BoC) numbers show household debt printed a new record high. Despite the record high, the rate of growth continues to slow for consumer debt levels. The decelerating growth is yet another indicator that the […]
BoC: Private Lenders See Their Share of Canada’s Mortgage Market Double Since 2015
Canadian real estate sales have been increasingly been propped up by private mortgages, but just how large is this market?
Canadian Mortgage Lenders Are Collecting A Record Amount of Interest Payments
Record low interest rates? Don’t worry, lenders are making it up in volume. Statistics Canada’s latest release shows interest payments on mortgages in Q1 of 2018 are showing the largest growth since 2008. The multi-quarter record growth has households paying the most they’ve ever paid in interest per quarter, ever. Canadians Paid A Record Amount […]
This Week’s Top Stories: Canadian Mortgage Growth Slows To 2001 Levels, and Real Estate Prices Are Synching Across The World
Time for your weekly cheat sheet on the most important real estate stories. Canadian Real Estate Canadian Mortgage Growth Grinds To A Halt, Slowest Growth Since 2001 Mortgage debt growth is slowing very quickly across Canada. Bank of Canada numbers show mortgage debt stood at $1.528 trillion, up $2 billion from the month before. This […]
Canada’s Credit Problem Is Different This Time, Just Look At The Money Supply
Worried that Canadians didn’t get another interest rate hike yesterday? Don’t be. Bank of Canada (BoC) numbers show the M1+, a broad measure of “cash,” continues to see tapering growth. That might not mean a lot to most people, but it may be signalling that households are still feeling the impact of the previous interest […]
