Canadian real estate buyers are facing less inventory, and more competition. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) increased in most markets this past January. The rising ratio, used to help understand demand, reached a “seller’s market” last month. Not just in one place either – the whole […]
Canadian real estate prices are seeing accelerated growth across the country. Canadian Real Estate Association (CREA) data shows the price of a typical home increased in January. The increase marks the 9th consecutive month of price acceleration for the national index. Prices are now growing at the fastest rate in almost two years. Canadian Real […]
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 […]
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 […]
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 […]
Canadians might be running out of reasons to borrow cash, as total credit growth dips. Bank of Canada (BoC) data shows combined credit growth of businesses and households reached a new high in November. Despite the large number, the rate of growth is falling to levels not seen since the great recession. Credit Growth Credit […]
Canadian real estate prices are moving higher, but not all markets are equal. Statistics Canada (Stat Can) updated the Residential property price index (RPPI), showing prices increased in six major markets. Breaking those numbers down, the biggest lift to the index is condo apartment resales. Meanwhile, new condo construction is seeing prices fall. Residential Property […]
Canadian seniors slowed their reverse mortgage borrowing, but the rate was still high. Office of the Superintendent of Financial Institutions (OSFI) data shows the balance of reverse mortgage debt hit a new high in November. Reverse mortgage debt has seen growth explode over the past few years. Recently, things have begun to show some signs […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The US Federal Reserve Has Canadian Real Estate Back In Bubble Territory Canadian real estate buyers are acting exuberant when it comes to prices once again. Dallas Fed, a branch of the US Federal Reserve, is noting elevated exuberance levels in […]
