Canadian real estate prices are pushing to new highs – just not in Western Canada. The Teranet–National Bank of Canada House Price Index (TNB HPI) is showing prices increasing across the country in September. The growth was much slower than usual for this time of year though, weighed down by weak performance in Western Canada. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The IMF Crunched Numbers On Canadian Real Estate. Here’s How Overpriced It Is IMF calculations show some Canadian real estate prices are detached from reality. Toronto real estate prices are 54.7% higher than fundamentals warrant. Vancouver is a little better, […]
Canadian real estate prices are soaring, but only a few markets have detached from reality. The ones that have though, boy oh boy – have they ever detached. New numbers obtained from IMF staff, show the gap between prices and fundamentals. For the most part, Canadian real estate prices can be explained through access to […]
Despite rock bottom borrowing rates, some Canadian real estate buyers are paying more. Bank of Canada (BoC) numbers show variable rates on residential mortgages made a big jump. Even with borrowing rates generally falling, variable interest mortgages are at a six year high. Variable Rate Mortgages Variable rate mortgages are when the borrower sees the […]
Who needs government stimulus? Canadian real estate sales are on the rise, in almost every major market. Canadian Real Estate Association (CREA) numbers show real estate sales are back to pre-cooling measures, as of September. The big spike in sales may have you thinking of a recovery. However, CREA’s chief number cruncher expressed some concerns. […]
Canadian seniors extracting home equity is slowing, but still growing at a high pace. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of reverse mortgages hit a new high in July. The 12-month rate of growth remains unchanged from a month before. However, the month before was still a very large […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Heavy Immigration Is The Last Pillar Preventing A Recession Canada’s economy looks like it’s booming, but it’s not all that impressive when immigration is factored in. Real gross domestic product (GDP) per capita hit $55,480 in Q2 2019, up […]
Canada’s job market is improving, largely due to Canadians making their own jobs. Statistics Canada (Stat Can) numbers show the unemployment rate fell in September. The vast majority of the jobs gained were from self employment. Real estate is still growing slightly faster than general employment across Canada. BC is a notable exception, where the […]
Canada’s booming population growth is the only thing separating the country from a recession. There’s been a lot of talk about Canada’s massive growth in gross domestic product (GDP). There’s also been a lot of talk about Canada’s population boom, driven largely by immigration. However, few people seem to be discussing what the combination of […]
Canadian household debt is seeing growth accelerate once again, and it’s entirely due to mortgages. Bank of Canada (BoC) numbers show the balance of household credit at institutional lenders reached a new record high in August. The growth was largely led by mortgage debt, which is beginning to accelerate. On the other hand, consumer credit […]
