Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Ontario Loses Over 5,000 Real Estate Jobs, BC Hits New All-Time High Real estate sector jobs made a minor movement on a national scale, but there’s a major shift on a regional basis. FIRE seasonally adjusted employment fell to 1.193 […]
Canadian real estate owners are turning to non-bank lenders across the country. Statistics Canada (Stat Can) released the first results of its Survey of Non-Bank Mortgage Lenders. Unfortunately, since it’s the first survey, historical comparisons can’t be made. Though it does shine a light on a relatively opaque industry. The most interesting insight revealed is […]
Canadian household debt issues are surfacing in some of the country’s largest cities. Office of the Superintendent of Bankruptcy (OSB) filings show an uptick in a few urban markets in Q1 2019. The uptick was most notable in Toronto, Vancouver, and Calgary. In the opposite direction was Montreal, which is seeing insolvency filings drop to […]
Greater Toronto’s detached real estate market is improving, but still far from recovered. Toronto Real Estate Board (TREB) numbers show year-over-year improvements in June. Numbers are better compared to last year, but the market has a long way to go to get back to normal. The biggest improvements are in the 905, which is seeing […]
Canada kicked off another multi-year record for housing starts last month. Canada Mortgage and Housing Corporation (CMHC) data shows a large increase for housing starts in June. The rise pushes new housing starts in large urban areas to the highest level in over a decade. Why Housing Starts Are Important New housing starts are a […]
Canada’s real estate sector is making a shift. Statistics Canada (Stat Can) data shows FIRE sector jobs made a small decline in June. The aggregate movement was small, but most of the gains are being made in smaller provinces. Larger provinces like Ontario and Quebec lost thousands of jobs in the sector last month. FIRE […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Debt Had The Slowest May Growth Since 1983 The growth rate of Canadian debt continues to fall to levels not seen in years. Bank of Canada estimates the balance of household debt reached $2.19 trillion in May, up 3.4% […]
Canadians are a little more cautious about borrowing these days. Bank of Canada (BoC) numbers show household debt reached a new all-time high in May. Even though the balance is at a record high, the rate of growth is rapidly cooling. Canadian household debt grew at the slowest rate for May since 1983. Canadian Household […]
Toronto real estate continues to trend higher, but isn’t quite there yet. Toronto Real Estate Board (TREB) numbers show prices advanced in June, and are a few points below the high. The rise in aggregate price measures, are largely due to an increase in demand for detached homes in the 905. Meanwhile “cheaper” Toronto condos […]
Canadian business insolvencies are picking up, after heading lower the past few years. Office of the Superintendent of Bankruptcy (OSB) data shows a rise in business insolvencies this year. The increase year to date marks the end of five consecutive years of fewer filings. Insolvency, Bankruptcy, and Consumer Proposals If you’re not familiar with insolvencies, […]
