Congrats! Canadians Just Set A New Record For Borrowing Against Their Homes
Canadians are using their real estate to secure more debt at a new record pace, according to filings made with Canadian banking regulators.
Reverse Mortgage Debt On Canadian Real Estate Jumps Over 44%
Canadian real estate owners have received a windfall lately, but unfortunately it’s all trapped in their home. Office of the Superintendent of Financial Institutions (OSFI) numbers show that an increasing number of homeowners are “releasing equity” through a reverse mortgage. The relatively new form of debt is rapidly growing, at almost 8 times the pace […]
Canadians Using Real Estate To Secure More Debt Reaches New Growth Record
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 […]
Toronto Real Estate Sales Down Over 35%, Listings Jump Over 147% In February
Toronto real estate continued to see a cooler market in February. Toronto Real Estate Board (TREB) numbers show prices are still higher, but they’re tapering fast. This occurred as sales declined, and inventory climbed for the eleventh consecutive month. Toronto Real Estate Prices Are Seeing Gains Taper The sale price of a home is still […]
This Week’s Top Stories: Canada Delayed The Great Recession, We Didn’t Skip It and The First Big Six Bank Forecasts Lower Toronto and Vancouver Real Estate Prices
We know you’re busy. So here’s a cheat sheet on the week’s most important real estate stories. You’re welcome. Canadian Real Estate Canada Didn’t Skip The Great Recession, We Delayed It. Here’s The Chart Recessions sound bad, but they serve a useful purpose. They’re a part of the natural business cycle, killing misallocations of both […]
FOMO Sends Canadian Real Estate Sales To Record High
Canadian real estate sales soared to a record high, as FOMO drives buyers to “squeeze” in before mortgage stress testing becomes mandatory.
Canadians Are Going To See A Huge Reduction of Borrowing Power… On Top of Stress Tests
Canadian real estate buyers, already hammered by the new OSFI mortgage stress test, are going to see their borrowing power reduced even further as rates climb.
New Mortgage Stress Test Projected To Remove 50,000 Canadian Real Estate Buyers
The mortgage industry says Canadian real estate buyers are going to have to lower expectations on what they can afford starting next month.
Stress Testing Vancouver Real Estate Under OSFI’s New B-20 Guidelines
Vancouver real estate buyers could be in for a rough ride, as OSFI approves B-20 guidelines to stress test uninsured mortgage borrowers.
It’s Official, Canadian Real Estate Buyers To Face OSFI’s Tighter Mortgage Regulations (B-20)
Canadian real estate buyers just lost 25% of their buying power. Here’s the most important changes to OSFI’s update to uninsured mortgages.
