Altus: Canadians Turn To HELOCs For Renovations, and 25% Are Seniors
Residential real estate renovations in Canada are being fueled by an extraction of home equity, especially by older Canadians.
Canadian Residential Real Estate Investment Peaked And Is Heading For Declines
Peak Canadian real estate investment is behind us, according to another indicator. Statistics Canada (StatCan) numbers show residential investment as a percentage of gross domestic product (GDP) is moving lower. Taking a dive through unadjusted data, we can see this trend is primed to head much lower soon. What Is Residential Investment? Residential investment is […]
Canadian HELOC Debt Hits A New High As The Spending Binge Continues
Canadian real estate owners made a record gain when prices soared, and they’re in a rush to spend it. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by residential real estate hit a new high in May. The high was led by a surge in personal loans, such […]
Every Major Canadian Real Estate Market West of Ottawa Is Cooling Down
Canadian real estate markets continued to cool across the country. Canadian Real Estate Association (CREA) numbers show the sales to new listing ratio dropped in every major market west of Ottawa. That’s right, only four markets saw improvements last month. Sales To New Listings (SNLR) The sales to new listings ratio (SNLR) is the indicator […]
Canadian Real Estate Sales Drop Over 11%, BC Home To Biggest Declines
Higher interest rates and policy measures are killing real estate sales across Canada, but BC is seeing the biggest drops.
This Week’s Top Stories: Canadian Real Estate Price Growth Continues To Decelerate, and Canadians Are Holding Onto Less Cash
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Teranet: Canadian Real Estate Prices Decelerate, Toronto Plunges Further Negative Canadian real estate prices are quickly decelerating according to the Teranet-National Bank of Canada House Price Index. Prices increased 0.94% in June, bringing the annual price increase to 2.87% from last […]
This Week’s Top Stories: Canadians Used More Leverage For Real Estate Than Expected, and Credit Growth Is Decelerating
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Canadian Credit Is Decelerating, Mortgage Growth Falls To Lowest Rate In 17 Years The Canadian credit cycle appears to be heading into its contraction phase. The balance of household debt reached $2.119 trillion at the end of May, up 4.4% from […]
Low Growth? Canadian Mortgages Are On Track To Go Even Lower
Canadian real estate sales are trending lower, and taking mortgage growth with it. May’s numbers from the Bank of Canada (BoC) show we’ve hit the lowest pace of growth in years. Despite the low levels of growth, this number appears to be heading even lower. Annualizing Data To Understand Performance First, you’ll need to know WTF […]
Canadian Credit Is Decelerating, Mortgage Growth Falls To Lowest Rate In 17 Years
Canadian real estate sales are feeling the pinch of higher interest rates, and consumer credit isn’t far behind. Bank of Canada (BoC) numbers show household debt printed a new record high. Despite the record high, the rate of growth continues to slow for consumer debt levels. The decelerating growth is yet another indicator that the […]
The Leverage Used For Canadian Real Estate Might Be Higher Than We Think
People often boast of the quality lending standards that support Canadian real estate. Every now and then, lawyer and investor Joey Evans reminds us that’s not really the case. He recently posted a great example on his Twitter account, highlighting a Toronto home. The mansion, located in the City of Toronto, had mortgage debt over 3x […]
