As Mortgage Rates Go Up In The US, Credit Ratings Are Going Down
US real estate firm CoreLogic has observed that as mortgage rates climb, credit ratings have started to slide across America.
Bank of Canada Flags Risks Associated With Traditional Mortgages
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 Home In Canada Has Dropped By Over 20%
The cost of buying a million dollar piece of Canadian real estate has dramatically declined over the past decade.
3.1 Million US Homes Still Have Negative Equity From The Recession
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.
Canadians Are Using Second Mortgages To Avoid Bankruptcy
Canadian bankruptcies from homeowners are at an all-time low, but an expert argues this is due to second mortgages and HELOCs, not wealth.
Domestic Investors Bought 1 In 5 Vancouver Homes
The Real Estate Board of Greater Vancouver sheds a little more light on who’s buying Vancouver property, and how they’re paying.
Canadian Uninsured Mortgages Hit All-Time High
Experts are saying Canadian real estate is about due for a correction, but how safe are the banks? A lot safer than homeowners.
This Week’s Top Stories: The New Foreign Buying Threat In The US, Vancouver’s Deteriorating Mortgages, and Toronto’s Luxury Buying Soars
This week’s top news for Canadian real estate, including Canada’s speculation problem, Vancouver’s mortgage quality is slipping, and more.
Vancouver Mortgages Are Rapidly Deteriorating In Quality
Vancouver real estate’s rapid price increases are leaving buyers stretched a little thin according to the Bank of Canada’s calculations.
This Week’s Top Stories: One of Canada’s Largest Mortgage Lenders Is Imploding, Subprime Is Spreading In Toronto, and Canadians Are Taking On More Risky Debt
This week’s top real estate stories were around subprime lending in Canadian real estate, and prices are still climbing.
