Canadian mortgage debt printed a record high, but is still growing much slower than usual. Bank of Canada (BoC) numbers show the balance of mortgage debt printed a record high in March. The record debt came with the slowest pace of growth for March since 1983. Canadian Mortgage Debt Now Over $1.55 Trillion The balance […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate How A Little Money Laundering Can Have A Big Impact On Real Estate There’s no way there’s enough money laundering in Canadian real estate to affect prices, right? We take a dive through how asset prices are born, and how […]
Canadian real estate buyers aren’t so sure about sending prices higher near term. The US Federal Reserve Bank of Dallas (Dallas Fed) released quarterly exuberance indicator for Q4 2018. The indicators, a measure of emotional premiums paid, plummeted over the past year. The drop brought the indicator to the lowest levels in four years. Now […]
Canadian homeowners are still turning to reverse mortgages in their golden years. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of reverse mortgage debt hit a new record high in February. Annual growth for reverse mortgage debt is slowing, but still on track to double every 3 years. What’s A Reverse […]
Canadian real estate demand is still slipping, by at least one industry indicator. Canadian Real Estate Association (CREA) numbers show the National SNLR decline in March. Western Canadian markets were the biggest losers, accounting for most of the declines. Sales To New Listings Ratio (SNLR) The sales to new listings ratio (SNLR) is one of […]
Canadians are back to using their homes as ATMs. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by homes reached a new record high in February. Preliminary numbers show most of the growth is still from personal loans, such as HELOCs. Canadians Used Over $298 Billion In Home […]
Canadian real estate prices turned negative, but not all markets are suffering. Canadian Real Estate Association (CREA) numbers show the national price index declined for a second month in a row. Prior to last month, price declines weren’t seen since September 2009, almost a decade ago. Despite the national drop, underperforming markets are beginning to […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Insured Mortgages On Canadian Real Estate Fall Almost 10% The balance of insured mortgages on Canadian real estate is falling. There were $456.35 billion of insured mortgages in January, down 9.37% from last year. The average cost of carrying these […]
Canadian real estate price growth is still slowing, according to land registry data. The Teranet–National Bank House Price Index (TNB HPI) show prices fell for the first time in March, outside of recession. The drop represents the sixth consecutive monthly decline for Canadian real estate markets. Teranet-National Bank House Price Index (TNB HPI) Regular readers […]
Canadian households are accumulating debt faster than assets are appreciating. Statistics Canada (StatCan) data shows the debt-to-asset ratio increased very quickly in Q4 2018. The ratio is now growing at the fastest pace since the Great Recession, and is at the highest level since 2014. Debt To Asset Ratio The debt to asset ratio (DTA) […]
