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 […]
The Canadian real estate market is slowing down, and it’s hitting mortgages. Bank of Canada (BoC) numbers show mortgage credit grinded to a halt in July. The annual rate of mortgage growth fell to the lowest level in nearly 18 years, and is set up to go lower. Canadians Owe Over $1.52 Trillion In Mortgage […]
Time for your weekly cheat sheet for this week’s most important stories. Canadian Real Estate Canada’s HELOC Problem Is One Of The Biggest Risks For Real Estate Canada’s home equity line of credit problem has reached epic proportions. The balance of outstanding HELOC debt reached $286.81 billion in Q2 2018, up 1.83% from the quarter […]
Canadian real estate owners received a windfall of equity over the past decade. Rather than selling for a profit, many are turning to home equity lines of credit (HELOC) to reap the rewards. The popular form of debt allows owners to borrow equity in their home, and pay it back like a second mortgage. They’re […]
Canada’s small cities seem to be catching FOMO. Canadian Real Estate Association (CREA) numbers show large cities are seeing price growth taper. Meanwhile, smaller real estate boards are seeing real estate price growth outpacing major cities. Yes, You Should Care About National Prices We know, you don’t care what’s happening in Ottawa – you live […]
