Time for your cheat sheet on this week’s most important stories. Canadian Real Estate IMF Warns That Canadian Real Estate Is A “Key Domestic Risk” The International Monetary Fund (IMF) is warning that real estate is a “key domestic” risk to Canada. Changes in price expectations, increasing mortgage rates, and unemployment could all be triggers […]
Canadian real estate prices are one of the biggest risks to the country, according to a big three letter organization. The International Monetary Fund (IMF), the global organization dedicated to sustainable growth, released a statement after an official “mission” to Canada. The organization cited real estate prices as a “key domestic risk.” Changing price expectations, […]
Record low interest rates? Don’t worry, lenders are making it up in volume. Statistics Canada’s latest release shows interest payments on mortgages in Q1 of 2018 are showing the largest growth since 2008. The multi-quarter record growth has households paying the most they’ve ever paid in interest per quarter, ever. Canadians Paid A Record Amount […]
Global economies are becoming more interconnected, and so are real estate markets. Researchers at the International Monetary Fund (IMF) measured prices in 44 cities, and 40 countries – both in advanced and emerging markets. What they found is that whole countries are seeing real estate prices in the closest synchronization since the Great Recession. Even […]
Canadian real estate drove debt levels across the country to a new record high, but higher interest rates have kicked off a deceleration of growth.
Canada’s seemingly never ending supply of real estate buyers is finally starting to dry up, as mortgage growth falls to a 17 year low.
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Toronto Real Estate Leads The Country In Average Price Declines, Saint John Pops Higher Ontario is seeing the fastest declines in average sale prices, while Eastern Canada is moving higher. Toronto led the decline with an average sale price of $804,584 […]
Toronto real estate debt has been soaring, but how much other debt do households have? Equifax numbers from the Canada Mortgage and Housing Corporation (CMHC) show that the majority of debt is real estate related, but there’s still a whack of consumer debt. When broken down into payments, consumer debt requires nearly as much cash […]
Time for your weekly cheat sheet on this week’s top real estate stories. Canadian Real Estate Canadians Borrowed Another Billion Against Their Homes Over A 31 Day Period Canadians are increasingly tapping their home equity for short-term loans. Total HELOC balances reached $284.64 billion in outstanding debt. That means Canadians racked up an extra $994 […]
Canadian real estate continues to be used as an ATM to drive the economy. Office of the Superintendent of Financial Institutions (OSFI) numbers show the balance of loans secured with homes hit a new high in March. While the outstanding balance did hit a new all-time high, we did witness the first taper of growth […]
