Canadian real estate sales made a larger than exepcted decline in September, as the market got hit with the worst September since 2012.
Canadian real estate prices are stalling, according the country’s largest land registry operator and a Big Six bank.
The Canadian real estate market continues to get cooler. Canadian Real Estate Association (CREA) numbers show declines to the sales to new listings ratio (SNLR) in all but 3 major markets for August . The declines to SNLRs were largest Greater Toronto and Vancouver, last year’s hottest markets. Sales To New Listings Ratio The sales […]
Canadian real estate used to borrow more debt reached a new record higher. Office of the Superintendent Financial of Institutions (OSFI) filings show the balance of loans secured by homes reached a new high in July 2018. The vast majority of the balance is due to personal loans like HELOCs, which are actually seeing growth […]
The Canadian real estate industry expects sales to slow further than previously thought. Canadian Real Estate Association (CREA) economists have revised their annual forecasts. The good news is the summer was better than expected, leading to an improved outlook for 2018. The bad news is the ambitious 2019 forecast is looking less ambitious. CREA now […]
Canadian real estate sales continue to cool, after spending years at record highs. Canadian Real Estate Association (CREA) numbers show August sales came in lower. That’s on top of last year’s declines, making it the slowest August since 2013. Canadian Real Estate Sales See Slowest August Since 2013 Canadian real estate sales experienced a small […]
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 […]
Canadian real estate prices are seeing slowing growth, but still printed a new record. The Teranet–National Bank House Price Index (Teranet HPI) shows a major slowdown in August. Canada’s largest markets saw the slowest price growth they’ve seen since 2009. What’s The Teranet HPI? The Teranet HPI is a price index created by National Bank […]
Canadians are racking up a whack of debt, especially for real estate. That appears to be coming to an end, and fast.
No, we won’t call Toronto real estate a bubble today. Usually we shy away from using the B-word entirely. Canadians tend to look at you like you’ve insulted their mother when you say it. Instead we’re going to discuss the phases of a real estate bubble, and let you make a decision for yourself. Understanding […]