FOMO Sends Canadian Real Estate Sales To Record High
Canadian real estate sales soared to a record high, as FOMO drives buyers to “squeeze” in before mortgage stress testing becomes mandatory.
Teranet: Montreal and Toronto Real Estate Prices Drop, Vancouver Soars
Montreal and Toronto real estate prices decline, but Vancouver rises so much it brings the whole Teranet index into positive territory.
Toronto and Vancouver Real Estate Rank Low For Density, High For Prices
Canadian real estate prices have been climbing, in cities with perceived housing shortages. The belief that there isn’t enough land to accomodate more people, shot prices higher in Toronto and Vancouver. This week, the Fraser Institute poured some cold water on that narrative, showing that Canadian cities have a long way to go in terms […]
Canadian Cities Rank Low For Density, But Also Economic Output
Despite having some of the most expensive real estate in the world, Canadian cities rank low on density. Unfortunately, they also rank pretty low for economic output.
Over 81,000 Canadian Real Estate Buyers Would Have Failed The New Stress Test
Canadian real estate would have seen over 81,000 mortgages not qualify if low-ratio stress testing went live last year, here’s what that could mean.
This Week’s Top Stories: Canadian Real Estate Buyers Prefer To Leave The Smallest Down Payment Possible, and They’re Turning To Unregulated Lenders
Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate New Mortgage Distribution Data From The BoC Shows Stress Testing Is A Huge Deal The Bank of Canada (BoC), Canada’s central bank, has determined that Canadians prefer to leave the smallest down payment possible. In 2016, 18.04% […]
Bank of Canada: Growing Share of Mortgages Taking Place Outside of Regulation
Canadian real estate buyers are increasingly turning to non-regulated lenders according to the Bank of Canada.
Reverse Mortgage Debt On Canadian Real Estate Is Rising $1.25 Per Second
Canadian real estate debt problems are growing, as seniors increasingly turn to reverse mortgages to make up the gap between their home equity and retirement savings.
This Week’s Top Stories: Canada’s Parliament Projects Housing To Drag Economy To 2022, and Foreign Buyers Reduce “Affordable” Housing
Foreign buyers are scooping up affordable Toronto and Vancouver real estate, and parliament warns higher interest rates will stagnate housing for at least 5 years.
Foreign Buyers Apply Pressure To “Affordable” Housing In Toronto and Vancouver
Foreign buyer numbers for Toronto and Vancouver real estate might seem trivial, but they’re applying significant pressure to “affordable” housing in those cities.
