Canada is being confronted with higher interest rates, and it’s really turning into a drag on growth. Bank of Canada (BoC) numbers show the M1+, a broad measure of money, is seeing significantly lower growth this year. The slowing growth is a sign of economic slowdown, often resulting in slowing sales of assets that require […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Falls To The Lowest Level Since The Dot-Com Crash Canadians may have had their fill on real estate for the next few years. The balance of mortgage debt reached $1.53 trillion in September, up $3.34 billion from […]
Canadian households still pushed the debt levels higher, but are slowing down. Bank of Canada (BoC) numbers show household credit reached a new all-time in September. Despite the high, credit growth is falling to lows not seen in over 35 years. Canadian Households Hold Over $2.15 Trillion In Debt Canadian households racked up an all-time […]
Canadian real estate prices are more tame, but a correction may still be in the cards. The Federal Reserve Bank of Dallas (Dallas Fed), a branch of the US Federal Reserve, released exuberance indicators for Q2 2018. Exuberance is lower than it was last year, but we’re still nowhere near a healthy market. Exuberance Indicators […]
Don’t tell your friends, but the bottom of the Canadian real estate market is disappearing – fast. Bank of Canada (BoC) numbers show the balance of insured mortgage debt is down in Q2 2018. The decline of insured debt isn’t just negative either. The drop in the balance of insured mortgage credit is the largest […]
A lot of senior Canadian real estate owners are still seeing their home equity die a slow death, but the rate of growth is tapering. Office of the Superintendent of Financial Institutions (OSFI) show reverse mortgage debt reached a new high in August. Despite reaching a new high, the pace of growth is still decelerating […]
Slowing Canadian real estate sales are cooling off mortgage growth very quickly. Bank of Canada (BoC) numbers show mortgage credit growth continued to decelerate in September. The annual pace of growth for outstanding mortgage credit is now at the slowest pace we’ve seen in 17 years, and on track to go lower. Canadians Owe Over […]
The most influential housing organization in the country seems to be bearish on real estate prices. Canada Mortgage and Housing Corporation (CMHC), the Crown agency in charge of housing research, released its fourth quarter Housing Market Assessment. The government backed agency is seeing prices cool, but still feels the country is overpriced at the national […]
Canadians aren’t shying away from borrowing against their homes, even with higher interest rates. Office of the Superintendent of Financial Institutions (OSFI) filings reveal the balance of loans secured by real estate has reached a new high in August. Slowing home price growth and a higher cost of borrowing did little to slow down growth […]
Time for your weekly update on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices Turn Negative According To The US Federal Reserve Canadian real estate prices are slipping lower, when adjusted for inflation. Federal Reserve Bank of Dallas numbers show prices have slipped for the first time in a decade. Prices […]
