Teranet-National Bank: Canadian Real Estate Prices “Flat” In September
Canadian real estate prices are stalling, according the country’s largest land registry operator and a Big Six bank.
This Week’s Top Stories: Canadian Real Estate Buyer’s To Be Hit With New Regulations, and Credit Growth Falls To Lowest Levels Since 1983
Time for your weekly cheat sheet on the most important stories this week. Canadian Real Estate Gasp! Canadians Might Have To Actually Make Enough Money To Buy Real Estate Soon Canada’s banking regulator wants to put an end borrowers depending on equity to get a mortgage. Equity lending, the process of depending on “earned” equity […]
Uh Oh! Canadian Credit Growth Falls To Lowest Levels Since 199… Nope, 1983
Rising interest rates are already drying up credit for Canadian households. Bank of Canada (BoC) numbers show household credit hit another all-time high in August. More concerning is the rising balance is seeing a rapid decline in growth. Rising rates have sent the annual pace of growth to the lowest it’s been over 35 years. […]
Gasp! Canadians Might Have To Actually Make Enough Money To Buy Real Estate Soon
After years of doing mostly nothing, Canadian regulators are springing into action. The Office of the Superintendent of Financial Institutions (OSFI), after successfully rolling out B-20 Guidelines, are turning their focus to equity lending. Mortgages issued this way allow lenders to gloss over income, and rely mostly on equity in the home. 1 in 5 […]
Canadian Real Estate Starts Fall To Nearly A 2 Year Low, Here’s Why You Care
New housing construction is grinding to a halt across Canada. Canada Mortgage and Housing Corporation (CMHC) numbers show a sudden drop in new housing starts in September. The drop sent starts to the lowest levels in nearly two years, and here’s why that’s important for the economy. Here’s Why You Care About Housing Starts Housing […]
Toronto Detached Real Estate Sales Improve, But Still 2nd Worst September In 17 Years
Toronto’s detached real estate market has improved from last year’s bloodbath, but not by much. Toronto Real Estate Board (TREB) numbers show that prices were mostly stalled in September. The stalled prices were accompanied by more sales, and even more inventory than last year. Before you get too excited about rising sales, it was the […]
This Week’s Top Stories: Credit Cycles and Canadian Real Estate Prices, and Inventory Is Rising In Toronto and Vancouver
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Understanding How The Credit Cycle Impacts Canadian Real Estate Prices There’s a lot of debate about the influence of local factors on housing, but they’re all trumped by the credit cycle. We take a quick dive through the credit cycle, […]
Canadian Mortgage Credit Sees Worst August Since 1995
Canadian residential real estate mortgage credit is falling to levels we haven’t seen in years, even with easy access to leverage.
Toronto Real Estate Sales Pop In The 905, Drop In The City, and Inventory Rises In Both
Toronto real estate saw prices make a mild increase, but logged fewer sales in September than August – which is unusual.
RBC: Canadian Real Estate Is The Least Affordable Since 1990
Not that you needed a report to tell you this, but Canadian real estate is now at record levels of unaffordability. The RBC Economics Affordability Index approached record highs in Q2 2018. The index, which tracks how expensive it is to buy a home, hasn’t been this high since the 1990 Canadian real estate bubble. […]
