Canadians are holding onto less cash, according to the country’s central bank. Bank of Canada (BoC) numbers show M1+, a measurement of “cash,” is seeing growth plummet. The deceleration of growth is a sign that consumers are spending more to service debt. That’s the good news. The bad news is it’s also a sign of […]
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, […]
Boomers can quit saying buying a home was harder in the 1990s now. Statistics Canada numbers show mortgage debt service ratios (DSR) at the end of Q1 2018 have reached levels we haven’t seen in over 26 years. Despite near record low interest rates, the size of loans have pushed unaffordability to similar levels. This […]
Canadian real estate prices are closely related to employment and interest rates. Here’s why we might be looking at employment numbers wrong, and how that may have contributed to a premature rise in interest rates.
The Canadian real estate slow down from higher interest rates is real, and parliament is projecting it will slow GDP growth until at least 2022.
Lowering interest rates pumped up Canadian real estate prices, but will raising them lower prices? It didn’t last time.
Canada’s Parliamentary Budget Officer is warning that household debt will accelerate through next year, shattering previous debt records.
A new release from the Parliamentary Budget Officer of Canada doesn’t anticipate interest rates will rise until sometime next year.