Montreal and Toronto real estate prices decline, but Vancouver rises so much it brings the whole Teranet index into positive territory.
Over 81,000 Canadian real estate buyers would have failed stress testing, and Canada’s most expensive cities are low on density, high on prices.
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.
Canadian real estate prices have been climbing, in cities with perceived housing shortages. The belief that there isn’t enough land to accomodate more people, shot prices higher in Toronto and Vancouver. This week, the Fraser Institute poured some cold water on that narrative, showing that Canadian cities have a long way to go in terms […]
Despite having some of the most expensive real estate in the world, Canadian cities rank low on density. Unfortunately, they also rank pretty low for economic output.
Canadian real estate would have seen over 81,000 mortgages not qualify if low-ratio stress testing went live last year, here’s what that could mean.
Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate New Mortgage Distribution Data From The BoC Shows Stress Testing Is A Huge Deal The Bank of Canada (BoC), Canada’s central bank, has determined that Canadians prefer to leave the smallest down payment possible. In 2016, 18.04% […]
Canadian real estate buyers have been maxing out their borrowing room, according to calculations from the Bank of Canada.
Foreign buyers are scooping up affordable Toronto and Vancouver real estate, and parliament warns higher interest rates will stagnate housing for at least 5 years.
Foreign buyer numbers for Toronto and Vancouver real estate might seem trivial, but they’re applying significant pressure to “affordable” housing in those cities.