Canada saw less new buyers last year. Canada Mortgage and Housing Corporation (CMHC) numbers show mortgages to new owners saw a huge decline last year. Despite the huge decline, the average balance of these new mortgages inflated. New homebuyers are taking out less mortgages, but much larger ones – especially in the suburbs. New Owners […]
Canadian real estate owners with a mortgage are doing “very good” with their payments. The Canada Mortgage and Housing Corporation (CMHC), using Equifax data, is observing credit score improvements across the country. The average credit score of Canadian mortgage holders is improving. This may come as a surprise to some, but it doesn’t mean what […]
Montreal and Ottawa real estate markets are heating up, while Toronto and Vancouver’s real estate markets continue to cool.
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Over 1 In 10 Mortgages Issued In Canada Are On An Already Mortgaged Home The Canada Housing and Mortgage Corporation (CMHC) found that multiple mortgages on the same home is on the rise. Analysts counted 145,013 new loans on already […]
Canadian real estate price spiked in 2017, and a lot of homeowners have already spent that equity. Canada Housing and Mortgage Corporation (CMHC) numbers show a huge number of people are taking out multiple mortgages on their homes. The trend now represents over 1 in 10 mortgages issued in the country, and nearly half are […]
Canadian real estate sales continue fall to new lows. Canadian Real Estate Association (CREA) numbers show only 3 markets with more than 500 sales had year over year growth. Those that did see growth, only saw mild growth compared to previous years. The exception is Toronto, but that isn’t what it appears to be either. […]
Canadian real estate prices have never been more expensive, but the rapid deceleration of gains to 2009 levels means that might change soon.
Canadian real estate buyers are facing the highest cost of borrowing since 2011, and that’s going to cool credit demand even further.
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Average Mortgage And HELOC Payment Is Soaring In Toronto And Vancouver Canadians are facing higher payments on mortgages and HELOCs, especially in Vancouver and Toronto. The average monthly mortgage payment in Vancouver reached $1,794 in Q1 2018, up 6.5% […]
Canada’s national housing agency crunched the numbers on the average debt payments, and they’re soaring in Toronto, Vancouver, and Montreal.
