Time for your weekly cheat sheet on this week’s top real estate stories. Canadian Real Estate Canadians Borrowed Another Billion Against Their Homes Over A 31 Day Period Canadians are increasingly tapping their home equity for short-term loans. Total HELOC balances reached $284.64 billion in outstanding debt. That means Canadians racked up an extra $994 […]
Canadian real estate continues to be used as an ATM to drive the economy. Office of the Superintendent of Financial Institutions (OSFI) numbers show the balance of loans secured with homes hit a new high in March. While the outstanding balance did hit a new all-time high, we did witness the first taper of growth […]
Toronto condos printed a new all-time high for the fifth consecutive month. However, rapidly decelerating price growth may indicate we’re approaching the end of this run.
Canada’s ever expanding supply of money is finally starting to take a breather. Bank of Canada (BoC) numbers show M1+, a narrow measure of country’s money supply, is slowing in growth. The taper is most likely a sign that higher interest rates are impacting households. The measure is a useful indicator for the sale of […]
Time for your cheat sheet on the most important real estate stories this week. Canadian Real Estate Canadians Have $201 Billion In HELOC Debt, And Over 30% Is In Toronto And Vancouver Canadians are rapidly borrowing against the values in their home. The outstanding balance of Home equity line of credits (HELOCs) across Canada is […]
Canadian mortgage debt is soaring, but how much of it is in Toronto and Vancouver? Nearly a third, according to Equifax and the CMHC, and it costs locals a buttload to service.
Canadian real estate prices have been soaring, but much of those gains are already spent. Nearly half of Canada’s HELOC debt is located in just three cities.
Time for your weekly cheat sheet on the most important real estate stories. Canadian Real Estate BoC: 8% Of Canadian Households Owe More Than 20% Of The $2.1 Trillion In Debt The Bank of Canada updated the public on household debt numbers, as well as gave some insights this week. The total balance of household […]
Canadian real estate debt hit a new high, and the news gets worse as they explain it further. The Bank of Canada (BoC) updated household debt numbers for March. In a speech this week, BoC’s Governor Stephen Poloz also gave further insights on the numbers. The record debt levels are concentrated in a smaller segment […]
Hot spring market? Nope. Toronto Real Estate Board (TREB) numbers show April was colder than usual, as demand continues to drop. Generally speaking, the market is seeing price moderation, lower sales, and rising inventory levels. Greater Toronto Real Estate Prices Dropped Over 5% The benchmark composite, the price of a typical home in Toronto, is […]
