Canadian real estate price growth is accelerating ahead of the government’s helicopter cash. Teranet – National Bank of Canada House Price Index (TNC HPI) shows prices reached a new all-time high in August. The sudden acceleration of price growth came largely from smaller markets. Most cities saw price growth last month, with Vancouver being a […]
Canadian households are sending a lot more cash to lenders, but it’s not paying their debt down. Statistics Canada (StatCan) data shows household mortgage payments jumped in Q2 2019. Rising payments are seeing fewer dollars pay off debt, and more towards carrying it. Canadians Paid Over $93 Billion On Mortgages Canadian real estate owners paid […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s GDP Gets A Boost By Deepening Reliance On Real Estate Canada’s GDP got a big boost from real estate in the last quarter. Residential investment reached $136.9 billion in Q2 2019, up 1.35% from the previous quarter. This still represents […]
Canadian real estate owners with large mortgages are falling behind on payments. Canada Mortgage and Housing Corporation (CMHC) data shows a climbing delinquency rate on large mortgages in Q1 2019. The rate remains relatively low, but does show the trend is reversing, and the market peak is behind us. What Are You Looking At? Today […]
Canada’s fast moving real estate market is still seeing demand shift to the East Coast. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio improved in July. On the national level, there was only a small increase. However, that’s because large gains in the East, are being weighed down by large […]
Canadian real estate price growth may not be what it appears to be, according to a Big Six bank. Teranet – National Bank of Canada House Price Index (TNB HPI) numbers show a prices increased in July. However, the growth rate is down to the lowest level since the Great Recession. The index authors also […]
Canadian real estate developers are putting a lot of shovels in the ground. Canada Mortgage and Housing Corporation (CMHC) numbers show a large jump in the number of new homes starting construction. The rise is led by a big increase in Montreal and Vancouver. Toronto, which leads North America in active cranes, is starting to […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate CMHC: Toronto Real Estate “Highly” Vulnerable, Vancouver Stabilizing Warning signs exist for Canada’s real estate markets, but things are improving. The CMHC sees “moderate” vulnerabilities across Canada. Toronto held its rating of “high” vulnerability, due to overvaluation and overheating. Vancouver […]
A Canadian real estate bubble? Nah… as more and more three letter organizations declare Canada’s real estate prices unsustainable, Canada’s national housing agency thinks things are getting better. The Canada Mortgage and Housing Corporation (CMHC) latest report mentions improved fundamentals. The organization even went so far as to downgrade the risk in Greater Vancouver. About […]
Canadian real estate developers are in a mad dash to build purpose built rental units these days. Canada Mortgage and Housing Corporation (CMHC) numbers show huge growth in rental units under construction in June. Canada hasn’t built this much rental stock at once in at least 30 years. Canada Has Never Had More Rentals Being […]
