Mortgage Delinquencies Are Flatlining In Toronto and Vancouver Shows CMHC Data
Delinquencies on Toronto and Vancouver real estate have stalled, while they continue to decline in Montreal.
Canada’s National Housing Agency Thinks Canadian Real Estate Is Overvalued
The government-backed agency in charge of oversee mortgage liqudity still thinks Canadian real estate is overvalued.
Every Major Canadian Real Estate Market West of Ottawa Is Cooling Down
Canadian real estate markets continued to cool across the country. Canadian Real Estate Association (CREA) numbers show the sales to new listing ratio dropped in every major market west of Ottawa. That’s right, only four markets saw improvements last month. Sales To New Listings (SNLR) The sales to new listings ratio (SNLR) is the indicator […]
Teranet: Canadian Real Estate Prices Decelerate, Toronto Plunges Further Negative
Canadian real estate prices are heading for negative growth, and fast. The Teranet–National Bank of Canada House Price Index (Teranet HPI) shows many markets at new record highs when it comes to prices. Record high prices are meeting higher interest rates though, and sending growth to multi-year lows. Teranet HPI Vs CREA The Teranet HPI […]
Teranet: Toronto Real Estate Is Negative For The First Time Since 2009, Vancouver Still Soaring
Canadian real estate prices rise in May, but print the longest deceleration trend since before the Great Recession according to Teranet.
Toronto Real Estate Leads The Country In Average Price Declines, Saint John Pops Higher
The average sale price of Canadian real estate is falling, and fast. Canadian Real Estate Association (CREA) numbers show the average price of a home is down 11.3% in April 2018. Most of the declines are being attributed to the country’s largest and fastest falling real estate market – Toronto. Yeah, I haven’t heard of […]
Montreal Households Owe Over $176 Billion, and Real Estate Is Only A Part of It
Montreal real estate debt is rising, but how much other debt do households have? Equifax numbers from the Canada Mortgage and Housing Corporation (CMHC) show that the majority of debt is real estate related, but there’s still a lot of consumer debt. When broken down into payments, consumer debt requires even more cash to service. About […]
A Third of Canada’s $1.2 Trillion In Mortgage Debt Is In Toronto and Vancouver
Canadian mortgage debt is soaring, but how much of it is in Toronto and Vancouver? Nearly a third, according to Equifax and the CMHC, and it costs locals a buttload to service.
Canadian Mortgage Defaults Haven’t Been This Low Since 2006
Canadian banks are reporting record low mortgages defaults. That’s often a misread sign of market health, but likely means we’re seeing real estate exuberance.
Toronto Real Estate Still Leads The Country In The Decline of Sales, Ottawa Soars
Canadian real estate sales are down across the country, especially in the Greater Toronto and Greater Vancouver area. That’s bad news for the Canadian economy.
