Government of Canada Doesn’t Expect Interest Rates To Rise Until 2018
A new release from the Parliamentary Budget Officer of Canada doesn’t anticipate interest rates will rise until sometime next year.
This Week’s Top Stories: Sydney Sees A Boom In Second Homes, Toronto’s Home Flippers Are In Full Force, and Bank of Canada Flags Traditional Mortgages
The über rich are flocking to Sydney for second homes, 7% of Toronto homes sold were owned less than a year, and BoC finds mortgage problems.
BC Real Estate Sales Fall By Over $10 Billion YTD
British Columbia’s cool start to the year is adding up to over $10 billion less in sales this year compared to last.
The Cost of Buying A Million Dollar Home In Canada Has Dropped By Over 20%
The cost of buying a million dollar piece of Canadian real estate has dramatically declined over the past decade.
Canadians Are Using Second Mortgages To Avoid Bankruptcy
Canadian bankruptcies from homeowners are at an all-time low, but an expert argues this is due to second mortgages and HELOCs, not wealth.
Canadian Uninsured Mortgages Hit All-Time High
Experts are saying Canadian real estate is about due for a correction, but how safe are the banks? A lot safer than homeowners.
Senate Receives Recommendation To Put A Cap On Household Debt
The Canadian senate heard from Moody’s, the IMF, and the CMHC. Here’s your cheat sheet on what they said about real estate and our banks.
Canadians Push Past $2 Trillion In Debt To Set A New Record…Again
Canadians now hold over $2.025 trillion in debt according to the Bank of Canada, setting another all-time high, and it my be accelerating.
This Week’s Top Stories: Real Estate Lessons From A Dead Dude, Vancouver’s Market Is Cooling, and 70% of Chinese Millennials Are Homeowners
This week we discuss real estate commodity cycles, global millennial homeownership rates, and why inflation numbers are wrong.
New Home Prices Are Over 50% Higher In Canada Than The US
The gap between new home prices in Canada and the US is growing, with Canadian homes now more than 50% more expensive.
