Canadian real estate sales continue to slide even lower. Canadian Real Estate Association (CREA) numbers show sales dropped once again in March. The decline in home sales across the country marks an unusually long period of negative growth. Canadian Real Estate Sales Fall To 6 Year Low Canadian real estate sales slipped once again. CREA […]
Canadian real estate prices are dropping, but they’re very far from their peers. US Federal Reserve Bank of Dallas (Dallas Fed) data shows real prices across the country are down in 2018 Q4. Even with the decline, prices are massively elevated compared to other G7 economies. About The Index Home prices in this index use […]
Canadian borrowers seeking the most leverage are tapping out of the market. Bank of Canada (BoC) numbers show the balance of insured mortgage debt made a huge drop in January. Here’s everything we know about the remaining balance. What Are Insured Mortgages? An insured mortgage is one where the lender is protected against borrower default. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Households Are Just 0.01 Points From The Mother Of All Debt Records Canadian households are paying a near record amount to service their debt. The debt service ratio (DSR) reached 14.87% in Q4 2018, up 5.46% from last year. […]
There were a lot less Canadian real estate buyers than normal last month. Canadian Real Estate Association (CREA) numbers show a drop in sales for February. The decline makes it one of the slowest Februaries for real estate sales in over a decade. Canadian Real Estate Sales Print Worst February In Over 12 Years Canadian […]
Canadian real estate buyers are increasingly using non-Big 5 lenders… sort of. Teranet, the country’s largest land registry operator, crunched the numbers for Ontario. In 2018, Canada’s Big 5 banks lost a considerable share of the market compared to the year before. However, looking at a period of longer than a year, their market share […]
Rising borrowing rates are putting a drag on the growth of Canadian household debt. Bank of Canada (BoC) numbers show household debt fell from an all-time high in January. The drop stalled the annual pace of growth at the same level one month before – at the lowest levels since 1983. Canadian Households Owe Over […]
Slow Canadian real estate sales may be starting to weigh on the country’s largest banks. Canadian Bankers Association (CBA) numbers show an annual decline in mortgages. The annual decline of mortgages is the first for the country’s largest lenders. Canadian Banks Hold Over 4 Million Mortgages Canada’s largest banks are seeing the number of mortgages […]
Canadian real estate sales are off to a weak start in 2019. Canadian Real Estate Association (CREA) numbers show dollar volumes have made a sharp decline in January. The drop makes this month one of the weakest the country has seen in years. Real Estate Dollar Volume Dollar volume is a less popular, but very […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Government Considers Move To Load Households With More Real Estate Debt The Government of Canada is considering lengthening mortgage amortizations for first-time buyers. While the move will lower monthly payments, it increases the amount of debt they can carry […]
