Canadians are putting up their residential real estate to secure loans, at one of the fastest rates in history. Office of the Superintendent of Financial Institutions (OSFI) numbers show the balance of loans secured by real estate made a seasonal decline in January. The seasonal decline however, is at a much slower pace than previous […]
Canadian real estate has entered a down cycle, with price gains rapidly tapering and sales across the country falling the most since the Great Recession.
Canadian Real Estate Debt Is Now The Size of 76% of GDP, and “Corrupt African Leaders” Are Buying Homes In Canada
Mortgage debt on residential Canadian real estate is now more than a third of the size of Canada’s GDP. Here’s the reason that’s an issue.
Canadian household debt saw the largest reduction since 2011, which sounds great – but presents a big problem for real estate.
Canadians didn’t experience the Great Recession, not to the extent that the rest of the world did. Sure, we logged a few quarters of Gross Domestic Product (GDP) declines, but there aren’t all that many heartbreaking stories of loss in Canada. This is often credited to the shrewd moves the Bank of Canada made. Rather […]
Canadian real estate prices are booming, but late mortgage payments are falling rapidly. It probably doesn’t mean what you think it does.
Canadian real estate sales see the biggest drop since the Great Recession, and it’s actually in line with what was expected.
Foreign buyers looking to buy Canadian real estate just got a massive hurdle when obtaining a mortgage, from CIBC – one of the country’s largest banks.
Canadian mortgage growth is decelerating, and Toronto real estate gets its first media price decline since 2009.