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 […]
Canadians are facing the fastest hike to borrowing costs since before the Great Recession, and it’s going to hurt real estate sales.
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Minor Interest Rate Hikes May Be Setting Up Major Economic Problems The impact of rising interest rates is showing up in Canada’s measure of “cash.” The M1+, a measure of cash-like instruments, increased 3.9% on an annual basis in […]
No other North American city has more high-rise construction cranes, as the rush to develop Toronto real estate reaches a fevered pitch.
Time for your weekly cheat sheet on the most important stories of the week. Canadian Real Estate Canadians Withdraw Another $2 Billion In Home Equity Over A Month Canadians are (still) looking to extract equity from their homes at a record pace. The balance of loans secured in June hit $286.81 billion, up $1.966 billion […]
A few weeks ago, Bay Street’s top strategist invited me to breakfast, to talk kittens and rainbows. Kidding, we obviously talked about Canadian real estate. Most of the conversation was just a rehash of data we post here, but he did say something that stuck with me. Towards the end of breakfast he goes, “an […]
