Top Stories

This Week’s Top Stories: New Canadian Real Estate Buyer’s Inflate Their Budgets, While Old Ones Withdraw Equity

Time for your weekly cheat sheet on the most important stories of the week. Canadian Real Estate Canadians Withdraw Another $2 Billion In Home Equity Over A Month Canadians are (still) looking to extract equity from their homes at a record pace. The balance of loans secured in June hit $286.81 billion, up $1.966 billion […]

Top Stories

This Week’s Top Stories: Canadian Mortgage Growth Plummets As The Credit Cycle Breaks Down, and Toronto Real Estate Inches Lower

Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001 Canadian mortgages growth is slowing, and fast. The balance of mortgage credit at large lenders reached $1.515 trillion, up $5.06 billion. That sounds huge, but it’s actually almost half of […]

Canada

This Week’s Top Stories: Canadian Real Estate Price Growth Continues To Decelerate, and Canadians Are Holding Onto Less Cash

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Teranet: Canadian Real Estate Prices Decelerate, Toronto Plunges Further Negative Canadian real estate prices are quickly decelerating according to the Teranet-National Bank of Canada House Price Index. Prices increased 0.94% in June, bringing the annual price increase to 2.87% from last […]

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This Week’s Top Stories: Canadians Used More Leverage For Real Estate Than Expected, and Credit Growth Is Decelerating

Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Canadian Credit Is Decelerating, Mortgage Growth Falls To Lowest Rate In 17 Years The Canadian credit cycle appears to be heading into its contraction phase. The balance of household debt reached $2.119 trillion at the end of May, up 4.4% from […]