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.
Altus: Canadians Turn To HELOCs For Renovations, and 25% Are Seniors
Residential real estate renovations in Canada are being fueled by an extraction of home equity, especially by older Canadians.
Canadian Residential Real Estate Investment Peaked And Is Heading For Declines
Peak Canadian real estate investment is behind us, according to another indicator. Statistics Canada (StatCan) numbers show residential investment as a percentage of gross domestic product (GDP) is moving lower. Taking a dive through unadjusted data, we can see this trend is primed to head much lower soon. What Is Residential Investment? Residential investment is […]
Canadian HELOC Debt Hits A New High As The Spending Binge Continues
Canadian real estate owners made a record gain when prices soared, and they’re in a rush to spend it. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by residential real estate hit a new high in May. The high was led by a surge in personal loans, such […]
This Week’s Top Stories: Canadians Are Looking For More Foreign Money For Mortgages, and They’re Paying The Highest Rates In Over 5 Years
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada Is Considering A Risky Move To Fund More Mortgages With Foreign Capital Covered bonds are an increasingly popular method banks use to fund mortgages. Virtually non-existent in Canada before the Great Recession, they now fund 9% of mortgages at […]
Canadians Are Borrowing At The Highest Mortgage Rates In Over 5 Years
Canadian real estate buying power is taking a real hit. Bank of Canada (BoC) April numbers show, new borrowers paid the highest mortgage rates in years. Fast rising rates mean people are shaving off serious amounts of borrowing room. Here’s Why You Care About This The higher the interest rate, the less credit is extended […]
Canadian Real Estate Sales Drop Over 11%, BC Home To Biggest Declines
Higher interest rates and policy measures are killing real estate sales across Canada, but BC is seeing the biggest drops.
Canada Is Considering A Risky Move To Fund More Mortgages With Foreign Capital
Canadian real estate buyers were “ running out of land” last year, but now they’re running out of money. The Bank of Canada (BoC) and the Office of The Superintendent of Financial Institutions (OSFI) are currently reviewing the limits of covered bonds that can be issued. Banks have become increasingly dependent on these bonds for […]
Canadian Real Estate Prices Make The Smallest Advance Since 2009
Real estate prices across Canada have grinded to halt. The Canadian Real Estate Association (CREA) aggregate of major markets show annual price growth has fallen close to flat in June. Nearly half of Canada’s major markets are now printing declines from last year. Canadian Real Estate Benchmark Price The price of a typical home across […]
This Week’s Top Stories: Canadian Real Estate Price Growth Continues To Decelerate, and Canadians Are Holding Onto Less Cash
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Teranet: Canadian Real Estate Prices Decelerate, Toronto Plunges Further Negative Canadian real estate prices are quickly decelerating according to the Teranet-National Bank of Canada House Price Index. Prices increased 0.94% in June, bringing the annual price increase to 2.87% from last […]
