Toronto Is (Still) The Fastest Cooling Real Estate Market In Canada
According to the Canadian Real Estate Associations’ SNLR, Toronto was the fastest cooling market in the country in May.
Canadian Real Estate Association Lowers Sales Forecast, Declines Rise Over 50%
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 […]
This Week’s Top Stories: New Mortgages In Greater Toronto Are Dropping Fast, and Canadian Real Estate Sales Have Worst Month Since 2012
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 […]
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 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 Have Worst May In Over 10 Years
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 […]
This Week’s Top Stories: Canada Has A Subprime Mortgage Problem, and Toronto Detached Homes Shed Over $100k
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 […]
Canada Has A Subprime Real Estate Problem, You Just Don’t Know It
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. […]
Canada’s Riskiest Real Estate Buyers Are Disappearing After Mortgage Stress Tests
Stress testing Canadian real estate buyers is preventing highly indebted borrowers from getting in over their heads. That’s a good thing.
Teranet: Toronto Real Estate Is Negative For The First Time Since 2009, Vancouver Still Soaring
Canadian real estate prices rise in May, but print the longest deceleration trend since before the Great Recession according to Teranet.
BoC: Private Lenders See Their Share of Canada’s Mortgage Market Double Since 2015
Canadian real estate sales have been increasingly been propped up by private mortgages, but just how large is this market?
