There’s a lot of factors that impact real estate prices, but they all ultimately depend on liquidity. Liquidity is just a way of saying there needs to be people that want to buy your home, and have enough money to buy it. The money used to come from income and savings, but in the late […]
Canadian residential real estate mortgage credit is falling to levels we haven’t seen in years, even with easy access to leverage.
Not that you needed a report to tell you this, but Canadian real estate is now at record levels of unaffordability. The RBC Economics Affordability Index approached record highs in Q2 2018. The index, which tracks how expensive it is to buy a home, hasn’t been this high since the 1990 Canadian real estate bubble. […]
Canadian real estate owners are wasting no time burning though that new equity. Canada Mortgage and Housing Corporation (CMHC), using Equifax data, crunched the number HELOC borrowers across Canada. The agency found two-thirds of borrowers have used their HELOCs, and owe an average of nearly six-figures. Tapped Vs. Untapped HELOC Debt Home equity line of […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate UBS Ranks Toronto And Vancouver In Top 5 Global Real Estate Bubbles Swiss mega-bank UBS updated their Bubble Index, with Toronto and Vancouver making the list. Actually, they didn’t just make the list – they were in the top 5. […]
Toronto and Vancouver real estate are two of the world’s most bubbly markets, according to a Swiss mega bank. UBS analysts updated their Bubble Index, with both cities near the top of their list. The bank noted prices are elevated in most economic centers, so they’re not alone. Historically, analysts noted, elevated asset prices decline […]
Canadian real estate prices are just off of all-time highs. Canadian Real Estate Association (CREA) numbers show prices fell on a monthly basis in August, but were still positive from last year. The most interesting takeaway is the price growth deceleration across Canada, as interest rates rise. The rate of growth rapidly dropped, and bounced […]
Time for your weekly cheat sheet on the most important stories of the week. Canadian Real Estate Canadian Real Estate Owners Are Paying The Most To Service Debt Since 1993 Rising interest rates and huge mortgages are eating up household income across Canada. Canadians had a debt service ratio (DSR) of 6.51% in Q2 2018, […]
Canadians are starting to feel the impact of their debt-driven spending spree. Statistics Canada (StatsCan) numbers show the debt service ratio reached a multi-month high. In Q2 2018, Canadians spent the most servicing debt since 2008. Mortgage debt was the big news though, as households spend the most since 1993 to stay afloat. Debt Service […]
Time for your weekly update on this week’s most important news. Canadian Real Estate Canadians Add An Average Of $187,000 Per Minute To The Household Debt Balance Canadians printed a new record for household debt, but the rate of growth is slowing down quickly. The balance of household debt reached $2.13 trillion in July, up […]
