Canadian home buyers may be looking at higher mortgage rates sooner than expected. At least if they want to lock in their mortgage interest rate. The 5-year Government of Canada (GoC) benchmark bond yields in February, are almost double last year’s lows. Since 5-year fixed mortgages are influenced by these rates, they are likely to […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Everything’s A Bubble, And Canadian Real Estate Was One Of The Worst Returns Canadian real estate printed huge price gains this year, but how does it compare to other assets? Comparing returns for other investments that have been popular with Millennials, it […]
Everyone thinks their real estate market is hot, but they don’t realize they almost all are. Canadian Real Estate Association (CREA) data shows large home price gains in January. Not just for the year, but for the actual month. The increases were actually so big, almost two dozen markets saw prices climb 5-digits. The Price […]
Despite Canada’s hot real estate market, lenders expect a record amount in losses. Statistics Canada (Stat Can) data shows expected credit losses (ECL) jumped in Q3 2020. ECLs are now at a record high according to the agency, but are a relatively small percent of total mortgage debt. It’s a little confusing, but expected losses […]
One of Canada’s largest banks brought attention to a warning sign in many real estate markets. BMO published a research note titled “Your House Makes More Than You Do,” by senior economist Sal Guatieri. The note focuses on how sustainable and long-term current housing trends are. I’m obviously kidding. It brings attention to the fact […]
Canadian households saw net-worth make big gains over the past few decades. Using Statistics Canada (Stat Can) data from the recently released Survey of Financial Security (SFS), we can see how net-worth evolved for each age group from 1999 to 2019. Generally speaking, net-worth soared for most demographics. However, there are some notable exceptions, like […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Unemployment Is 55% Higher Than G7 Average: OECD Canada has the fastest growing real estate prices in the G7… and the highest level of unemployment. The country’s rate is now 9.4% in January, up 67.86% from the same month last […]
Canada was a place where kids can do much better than their parents, but that’s not so much the case now. A new Statistics Canada (Stat Can) study on Intergenerational Income Mobility and Income Inequality in Canada was published this week. Canada used to be a place with a low level of inequality, where kids […]
Canadian unemployment is world class amounts of bad, but it’s even worse if you’re a young person in the country. OECD data shows the rate of unemployment amongst member states. Canada is currently a big stand out, with the highest rate amongst G7 countries. The unemployment trend isn’t evenly spread out though, with young people […]
Canada’s “economy” is recovering faster than expected, but employment is lagging. The Organization for Economic Co-operation and Development (OECD), a group promoting trade between 37 advanced economies, published the latest unemployment rates for member countries. The data shows Canada is significantly behind its G7 peers, with only a few OECD countries worse off. Canada is […]
