Canadian Real Estate Debt Passed 76% of GDP, Here’s The New Problem We Have
Mortgage debt on residential Canadian real estate is now more than a third of the size of Canada’s GDP. Here’s the reason that’s an issue.
There’s A S**t Ton of Canadian Real Estate Owned By “Corrupt African Leaders”
French NGO, Sherpa, is alleging that millions of dollars in Canadian real estate bought by “corrupt African leaders” was obtained with questionable cash sources.
This Week’s Top Stories: Canada Delayed The Great Recession, We Didn’t Skip It and The First Big Six Bank Forecasts Lower Toronto and Vancouver Real Estate Prices
We know you’re busy. So here’s a cheat sheet on the week’s most important real estate stories. You’re welcome. Canadian Real Estate Canada Didn’t Skip The Great Recession, We Delayed It. Here’s The Chart Recessions sound bad, but they serve a useful purpose. They’re a part of the natural business cycle, killing misallocations of both […]
Canada Didn’t Skip The Great Recession, We Delayed It. Here’s The Chart
Canadians didn’t experience the Great Recession, not to the extent that the rest of the world did. Sure, we logged a few quarters of Gross Domestic Product (GDP) declines, but there aren’t all that many heartbreaking stories of loss in Canada. This is often credited to the shrewd moves the Bank of Canada made. Rather […]
National Bank Expects Toronto and Vancouver Real Estate Prices To Decline In 2018
National Bank of Canada is the first of the Big Six to anticipate lower prices for Toronto and Vancouver real estate.
Late Payments For Ontario Real Estate Hit Lowest Rate Ever, BC Stalls For 4th Month
Canadian real estate prices are booming, but late mortgage payments are falling rapidly. It probably doesn’t mean what you think it does.
Researchers Destroy The Narrative That Greater Toronto Is Running Out of Land
Greater Toronto real estate prices have been soaring largely due to the perception of a shortage of land. Researchers from Neptis, a non-partisan urban research foundation, argue there’s plenty of land however. We’re not even using much of the land earmarked for development.
The Chinese Government Just Seized Billions Worth of Canadian Real Estate
The Chinese government just seized control of Anbang, one of China’s largest real estate buyers, and now controls billions worth of Canadian real estate.
Canadian Regulator Confirms It’s Harder To Get A Mortgage With Foreign Income Now
Canada’s federal banking regulators drop us a line to tell us that getting a mortgage for Canadian real estate, with foreign sourced income, is already a lot harder.
This Week’s Top Stories: CIBC Kills Foreign Income Mortgage Program, and The CMHC Says Toronto and Vancouver Real Estate Is Showing “Excessive Exuberance”
Time for your cheat sheet on this week’s most important real estate stories. Canadian Real Estate CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder CIBC is discontinuing its Foreign Income Program, a program designed to help those with foreign income obtain an uninsured mortgage. The program is being replaced with new, more […]
