Greater Vancouver is following the rest of Canada, with a spike of insolvencies. Office of the Superintendent of Bankruptcy (OSB) data shows households filed a lot more insolvencies in Q4 2019. Overall, Greater Vancouver is showing growth consistent with the province. However, the province is seeing a very rapid rise in the number of distressed […]
Canadian insolvency filings are on the rise, and the country’s largest city is far from immune. Office of the Superintendent of Bankruptcy (OSB) filings show Greater Toronto insolvencies climbed fast in Q4 2019. The whole province of Ontario has seen an acceleration in the number of filings, with the second largest growth in the country […]
Canada is in the midst of an immigration boom, but Ontario is losing ground. Statistics Canada (Stat Can) data shows more non-permanent residents arrived in Q3 2019. A lot more, actually. The net increase of non-permanent residents was the highest of any quarter, going back to the 1970s – the last year calculated by the […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Credit Growth Is Rapidly Accelerating, While Consumer Credit Slows Canadian household debt growth is accelerating once again, but only in one segment. The balance of debt reached $2.27 trillion in December, up 4.2% from last year. Mortgage debt is […]
Canadian households are in a rush to get more debt, but only for mortgages apparently. Bank of Canada (BoC) data shows household debt reached a new all-time high in December. In general, household credit growth is rising. However, the rise in growth is due entirely to mortgages, where the rate of growth is rising at […]
Buyers in Canada’s largest real estate markets aren’t keen on sharing a home with the government. The First-Time Home Buyer Incentive (FTHBI) received few applications from September 2 to December 9, 2019. The poor reception is of note in urban areas, where first-time buyers need the most help. However, only a third of applicants for […]
Canadian real estate buyers are back in full force, and pushing debt levels once again. Bank of Canada (BoC) data shows mortgage credit reached a new all-time high in December. The all-time high isn’t surprising anyone these days. However, the pace of growth is now at the highest level in almost two years – and […]
Not a lot of real estate buyers across Canada are interested in the latest government buying scheme. Government of Canada (GoC) data shows the First-Time Home Buyer Incentive (FTHBI) received a cold reception. From the launch of the program, to the beginning of December, only two provinces represented the majority of applications. Those two provinces, […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Mortgages To Highly Indebted Borrowers Rises To The Highest Level Since B-20 Canada saw a big drop in lending to highly indebted borrowers after B-20 Guidelines… now it’s reversing. About 17.5% of mortgages in Q4 2019 went to people borrowing over […]
Canada is seeing a rise in highly indebted, and over-leveraged mortgage borrowers again. Office of the Superintendent of Financial Institutions (OSFI) data shows a rise in relatively large loans, when compared to borrower income, in Q4 2019. The increase has been rising over the past two years, and now represents the largest segment in the […]
