Vancouver’s soaring real estate prices helped to send mortgage delinquencies to a new low, but it’s not the good news you think it is.
The high liquidity of Toronto real estate has sent mortgage defaults to record lows, here’s why this might be a problem.
Vancouver’s crazy real estate market is spreading to the burbs, and sending late mortgage payments across the province even lower.
Last time late mortgage payments in Ontario were this low, Toronto real estate crashed. Late payments then escalated *really* fast.
A website has popped up advertising foreclosed Vancouver real estate listings, but how did the agent find so many? They didn’t.
Mortgages in Ontario ticked down to the lowest level since just before the Toronto real estate crash of 1990.
US real estate firm CoreLogic has observed that as mortgage rates climb, credit ratings have started to slide across America.
High-ratio borrowers have always been a concern, but the the Bank of Canada is now highlighting risks associated with traditional mortgages.
The cost of buying a million dollar piece of Canadian real estate has dramatically declined over the past decade.
Homeowners are starting to recover from the US real estate bubble that burst in 2008, but over 10 million mortgages have little to no equity.