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 climbing at the fastest rate in nearly a decade, despite rising interest rates designed to cool borrowing.
Canadian mortgage borrowing might be slower but even slower is a breakneck speed as the overstimulated market tries to calm.
Canadian real estate prices suffered another sharp drop in July, bringing markets as much as $355,000 lower than peak values.
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 […]
The Bank of Canada’s low rate policy to drive inflation helped drive over 250k excess home sales over the past two years.
Canadian mortgage rates are on the rise but the average household’s payment is growing only slightly faster than they were with low rates.
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 […]
Fitch Ratings data shows Canada’s world-class mortgage debt won’t be as vulnerable to rate shock as countries like Australia and the UK.
This week’s cheat sheet includes how Canada eliminated its real estate bubble with data revisions, and experts forecast bigger declines.
