Canadian households briefly saw their debt issue shrink, but those days are long gone. According to Statistics Canada (Stat Can), the household debt to income ratio hit 186.23% in Q4 2021. The ratio had improved briefly as stores were closed and households paid down a little debt. The most recent update was massive though, reversing […]
Canadian Housing Affordability Hits The Worst Level Since The Last Bubble: NBF
Canadian real estate prices just turned the least affordable it has been in decades. A National Bank of Canada (NBF) analysis shows affordability worsened in Q4 2021. They found this was the case for every quarter last year, as low rates encouraged higher prices. As the overnight rate rises, housing affordability is expected to further […]
This Week’s Top Stories: Canadian Real Estate Bubble Exuberance Fades, and Mortgage Lending Shrinks
Time For your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Bubble Sentiment Is Collapsing Fast: US Federal Reserve Data Canadian real estate bubble sentiment is collapsing but remains frothy. A US Federal Reserve model shows Q3 2021 was the 26th quarter the market showed exuberance. That means the […]
Canada’s Visible Minorities Earn Significantly Less Than Average: Stat Can
Canada prides itself on racial diversity, but that isn’t clear from the way visible minorities are paid. A new study from Statistics Canada (Stat Can) shows income earned by race and employer size. They found the average pay for visible minorities can be as much as 30% lower in similar sized workplaces. Men Earn A […]
Canadian Mortgage Debt Reached 96% of GDP, Growth Beginning To Slow
Canada’s economic recovery has hinged on real estate, and mortgage debt highlights it. Data from the Bank of Canada (BoC) shows mortgage debt slowing in growth in December 2021. However, slowing at the current annual growth rate might not look like much, growing at double the rate of GDP. Mortgage debt has grown so fast, […]
Canada’s Economy Peaked Way Before The Pandemic When Measured Per Capita
There’s a good reason you might be feeling Canada’s economic recovery, and that’s because of how it’s measured. Canada’s gross domestic product (GDP) ripped higher in Q3 2021 and it’s just shy of the pre-2020 peak. Aggregate GDP measures are only useful for the size of an industry, not how it impacts people. For the […]
This Week’s Top Stories: Canadian Real Estate Resembles The 80s Bubble, and Regulator Sees “Speculative Fever”
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Resembles 80s Bubble, Higher Rates To Solve Supply Issue: BMO Canada’s real estate market resembles the late 80s bubble, according to BMO. Charting Ontario price growth over the two periods, they found similar trajectories. They also see the same […]
Canada Has Seen Over 1 In 5 Mortgages Go To Investors: Bank of Canada
Canada’s central bank is adding another data point to show the extent of real estate investors. A Bank of Canada (BoC) staff report looked at the country’s mortgage market up to Q2 2021. They found over 1 in 5 recently issued mortgages in Canada went to investors. The data reveals a sharp increase, but even […]
This Week’s Top Stories: Canadian Real Estate Bubble Expected To Slow, But It’s Too Big For A Crash To Fix
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Bubble Is So Big Even The Mother Of All Crashes Can’t Fix It Canadian real estate prices have soared so high, not even a large crash can help. Heck, multiple crashes only bring prices to where concerns were first […]
This Week’s Top Stories: Canadian Banks Say Raise Rates To Fight Inflation, and Investors Own Up To 90% of New Housing
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The Bank Of Canada Will Raise Rates In Two Weeks, End Year 500% Higher: JP Morgan One of the world’s largest banks is making a bold call — the Bank of Canada will raise interest rates this month. JP Morgan sees […]