One of Canada’s largest banks brought attention to a warning sign in many real estate markets. BMO published a research note titled “Your House Makes More Than You Do,” by senior economist Sal Guatieri. The note focuses on how sustainable and long-term current housing trends are. I’m obviously kidding. It brings attention to the fact […]
Canadian Regulators Ask Banks To Put Aside 30% More Rainy Day Capital
Canadian bank regulators are getting ready for you to hit your breaking point. Office of the Superintendent of Financial Institutions (OSFI) announced it is raising the domestic stability buffers. The increase goes into effect this fall, just a few months after being hiked this past spring. An increase in the buffer provides further protection to […]
Congrats! Canadians Just Set A New Record For Borrowing Against Their Homes
Canadians are using their real estate to secure more debt at a new record pace, according to filings made with Canadian banking regulators.
CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder
Foreign buyers looking to buy Canadian real estate just got a massive hurdle when obtaining a mortgage, from CIBC – one of the country’s largest banks.
Uninsured Mortgages On Canadian Real Estate Jump 17%
The Big Six banks are seeing explosive growth in the uninsured mortgage sector, ahead of stress tests to cool Canadian real estate demand.
Big Six Bank: Canadian Real Estate Affordability Worsens For The Longest Run In Decades
It now takes up to 30 years to save a downpayment for Canadian real estate, and National Bank of Canada is sounding the alarm.