Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate CMHC: Vancouver Has The Most Indebted Households In Canada, Toronto Not Far Behind Vancouver, Toronto, and Victoria are the country’s most indebted cities. Vancouver led the pack with a debt to income ratio (DTI) of 242% in Q2 2018. To put […]
Toronto real estate pushed to new highs, bringing the city’s debt level with it. Breaking down the Canada Mortgage and Housing Corporation (CMHC) numbers from yesterday, we can see where Toronto spends its cash. In Q2 2018, over 80% of Toronto Census Metropolitan Area (CMA) debt was tied directly to the value of real estate. […]
Canada’s most expensive real estate markets are the most vulnerable to rate shock. Surprising, we know. Canada Mortgage and Housing Corporation (CMHC), using Equifax data, crunched the Q2 2018 numbers for debt to income ratios across Canada. The numbers show cities with the most expensive homes also have the highest DTI ratios. The high levels of […]
Canadian real estate price growth is cooling, with the market making unusual moves. The Teranet – National Bank of Canada (HPI) showed Canadian real estate markets made a rare decline in the month of November. The monthly decline was observed across the country, with only 3 small markets making a gain. Teranet-National Bank Feel free […]
Toronto detached real estate sales are falling off a cliff. Toronto Real Estate Board (TREB) numbers show November prices are just off of last year. That’s the least important takeaway from the numbers. Instead, detached sales falling to Great Recession levels and high inventory is the big story. Toronto Detached Real Estate Prices Are Flat […]
Canadian real estate owners might be in for a surprise, if they have a variable rate mortgage. Bank of Canada (BoC) numbers show the estimated variable mortgage rate increased by more than a fifth The rise in rates leaves Canadians paying more to their banks, and making less of a dent on that debt pile. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Largest Real Estate Developer Declared A Soft Landing. They’re Wrong Canada’s largest real estate developer has declared the country has officially made a soft landing. There’s just a few problems with that. First, it’s way too early to call, […]
Break out the champagne for the next open house, because it’s all clear sailing from here. That’s according to the CEO of one of Canada’s largest real estate developers, who declared Canadian real estate achieved a soft landing. The situation is not unlike the US being declared a soft landing in 2006, but just like […]
Toronto real estate buyers may be paying slightly more than last year, but there’s a lot less of them. Toronto Real Estate Board (TREB) numbers show November at a multi-year low for sales. Toronto’s sales low came with higher than average inventory, but prices still moved higher due to a condo apartments. Toronto Real Estate […]
Canadians are exercising more caution before stepping into the real estate market. Bank of Canada (BoC) numbers show mortgage credit growth continued to drop in October. The pace of growth has only been this low for two months in the past 30 years, but is still on track to head even lower. Canadians Owe Over […]
