Canadian real estate is significantly overvalued, according to a giant institutional intelligence firm. Moody’s Analytics’ released their Q4 2021 assessment of home price valuation. They found home prices have continued to rise above trend, indicating overvaluation. Cities are now up to 108% overvalued, a problem particularly bad in Southern Ontario. Canadian Real Estate Is 23% […]
Canadian mortgage rates are expected to surge higher and grind demand to a halt over the next few years. That’s the take Moody’s Analytics shared with credit analysts and institutions last week. The credit rating giant sees soaring bond yields pushing mortgage rates to a decade high. Low rates over the past two years also […]
Exuberant Canadian real estate buyers sent home prices soaring during the pandemic. Now some provinces have severely overvalued housing markets, according to Moody’s. The credit rating giant’s provincial models show severe overvaluations in provinces like Ontario. Analysts from the firm forecast this will result in slow price growth over the next few years. Not all […]
Canadian real estate has a rock-solid reputation with consumers but institutions are warning each other to be careful. Global credit rating agency Moody’s shared their latest Canadian mortgage market assessment. After stress testing portfolios, the agency warns mortgages are “riskier” for lenders. Big lenders are now more concentrated in BC and Ontario, where home prices […]
