Canada’s Economy Is Still 30% More Dependent On Real Estate Than The US In 2006
Canada’s economy was a little less dependent on real estate in the last quarter, but still nearly 30% more dependent than the US in 2006.
Canadian Real Estate Prices Get Another Forecast Revision Lower From RBC
RBC quarterly filings reveal the bank is seeing its baseline expectations for Canadian real estate prices erode even further.
This Week’s Top Stories: Canadian Real Estate’s Bear Market Is Just Getting Started & Inflation Revisions
This week’s top stories include a “Big Six” bank warning Canada’s real estate correction is just getting started & big inflation revisions.
Canadian HELOC Debt Is Accelerating As Interest Rates Rise
Canadian HELOC debt is climbing at the fastest rate in nearly a decade, despite rising interest rates designed to cool borrowing.
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.
Most Canadian Real Estate Markets Fell From Peak, Down As Much As $355,000
Canadian real estate prices suffered another sharp drop in July, bringing markets as much as $355,000 lower than peak values.
This Week’s Top Stories: Canadian Real Estate Now Requires 64% of Income & “Excess” Demand Is Gone
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Here’s How The Bank of Canada Drove Over 250,000 Excess Real Estate Sales When inflation is below target, a central bank will cut interest rates to help stimulate “excess” demand for goods. The excess demand is intended to over run the existing […]
Here’s How The Bank of Canada Drove Over 250,000 Excess Real Estate Sales
The Bank of Canada’s low rate policy to drive inflation helped drive over 250k excess home sales over the past two years.
Canada’s Mortgage Mayhem From Higher Rates? It Was Just $61
Canadian mortgage rates are on the rise but the average household’s payment is growing only slightly faster than they were with low rates.
Canada’s Real Estate Bubble Is So Big Households Need 64% of Income For A Mortgage
Most of Canada couldn’t buy a home even if they wanted to. National Bank of Canada (NBF) is once again sounding the alarm on housing affordability. A typical home required nearly two-thirds of a household’s income just to service the mortgage payments in Q2 2022. The quarter saw the fastest erosion of affordability in 40 […]
