One of the world’s largest credit agencies is noting credit exhaustion at Canadian households. Equifax is seeing a declining number of Canadians paying off the balance on credit cards. Total nothing burger to most, but it’s actually really interesting to credit nerds. Carrying a balance increases the odds of credit delinquencies later down the road. […]
According to the Canadian Real Estate Associations’ SNLR, Toronto was the fastest cooling market in the country in May.
The Canadian real estate industry just became a little bearish. The Canadian Real Estate Association (CREA), the trade association representing the country’s agents, has revised their 2018 and 2019 sales forecast. The organization now sees sales falling even further this year, than they did during their prior forecast. Declines are now expected to be over […]
Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate Can You Tell If These Central Bank Quotes Are About Canadian Real Estate In 2018, Or The US Before The Great Recession? The real estate industry listens very closely to the Bank of Canada, but how useful […]
The real estate industry listens very closely to central bankers, and why wouldn’t they? Monetary policy heavily influences real estate prices. However, if you really listen to the words they use, you start to realize that they all sound the same… almost all of the time, regardless of what the economy is doing. Half joking, […]
Canadian real estate sales continued to slump, any way you cut the numbers. Canadian Real Estate Association (CREA) numbers show May sales, usually the peak of the year, are significantly lower than last year. In fact, it was some the worst May numbers for Canada over the past decade. Seasonally Adjusted Versus Non-Seasonally Adjusted If […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada Has A Subprime Real Estate Problem, You Just Don’t Know It Most people know the US real estate crash started with subprime lenders. Most don’t know most defaults were people with good credit, using subprime lenders. The same trend […]
A few weeks ago, a real estate agent told me about his client. Relatively wealthy older dude, closed on not one but two townhouses he plans on flipping. After some questions regarding who financed such a deal, he explains it was a private lender. Right before adding, “don’t worry, it’s not like in the US. […]
Stress testing Canadian real estate buyers is preventing highly indebted borrowers from getting in over their heads. That’s a good thing.
Canadian real estate prices rise in May, but print the longest deceleration trend since before the Great Recession according to Teranet.
