Canadians Saw Their Net Worth Fall By Nearly $1 Trillion, Biggest Drop In History
Canadian households saw their net work drop by $1 trillion in Q2, the largest quarterly decline in history.
Canada’s Household Debt Ratio Is Climbing Once Again, Here’s Why It’s A Problem
Canadian household debt is climbing much faster than income, and that’s going to limit their ability to respond in a crisis.
This Week’s Top Stories: Canada’s Banks Turn Bearish On Real Estate As Prices Fall
This week’s top stories include two “Big Six” banks sharing a worsening outlook for Canadian real estate and Toronto prices plummeting.
Canadian Mortgage Debt Is Rising A Half-Billion Dollars Per Day On Average
Canadian mortgage borrowing might be slower but even slower is a breakneck speed as the overstimulated market tries to calm.
Canadian Real Estate Prices Fall Another $27k, Average Sale Now Negative Growth
Canadian real estate prices continue to grind lower as buyers sit on the sidelines. Canadian Real Estate Association (CREA) data shows the composite benchmark price fell in July. The price of a typical home fell for a fourth consecutive month, wiping out more than half the annual gain. Those massive surges in price we started […]
Canadian HELOC Debt Hits A 9-Year High For Growth, An Abrupt Surge In Borrowing
Canadian HELOC debt is starting to surge as homeowners tap their home equity at a time when credit is tightening and home prices are falling.
This Week’s Top Stories: Canadian Real Estate Bubble Delivered A Final Blow, & Global Bubble Worse Than 2006
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Real Estate Bubble Was Just Delivered Its Final Blow: BMO Canadian real estate costs just blew past the 80s bubble when it comes to payments. BMO estimates the average home in Ontario required $3,000/month in payments to carry the mortgage. […]
This Week’s Top Stories: Canadian Real Estate’s Potential 30% Drop and Mortgage Rates To Hit “Inconceivable” Levels
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate’s Worst Case Is A 30% Price Drop, Still Down By 2027: RBC Canada’s largest bank is preparing for a big drop in home prices in a downturn. RBC’s worst case scenario for Canadian real estate is a 30% price […]
Nearly 27% of Canada’s Mortgage Borrowers Are Highly Indebted, But Risk Is Overstated
Canada borrowed debt so households didn’t have to, but they went ahead and borrowed anyway. Bank of Canada (BoC) data shows the share of highly indebted mortgage borrowers pushed to a new high in Q1 2022. These borrowers, with at least a 450% debt-to-income (DTI) ratio, now represent 1 in 4 mortgages. It sounds bad, […]
This Week’s Top Stories: Canadian Real Estate Has Never Been More Overvalued and Prices Are Falling
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices 38% Overvalued, Largest Trend Deviation In 40 Years: BMO Canadian real estate hasn’t seen anything quite like the bubble it’s facing right now. Since 2020, the price of a typical home across Canada has increased a whopping […]
