Canadians Paid A Record $42 Billion In Interest To Service Their Mortgages In 2017
Canadians don’t just have a buttload of debt sitting on the sidelines, they’re paying a buttload for the privilege of borrowing it.
Greater Toronto Real Estate Sees Largest Drop In Demand Across Canada
Toronto real estate just slipped into a balanced market, a huge drop from being in deep seller’s territory just a few months ago. Here’s how it compares to the rest of Canada.
The Canadian Mortgage Machine Fires Up Again, As Debt Levels Resume Growth
Canadian real estate buyers helped to send outstanding debt levels to new highs, as outstanding mortgage credit resumed its growth.
Toronto and Vancouver See Cost of Living Rise Over 20% Faster Than The Rest of Canada
First housing, now everything else. Statistics Canada (StatsCan) numbers show the cost of living is rising faster than anticipated. The Consumer Price Index (CPI), a common measure of inflations, showed a huge jump over the past 12 months. This jump was spread across the country, but Toronto and Vancouver observed even higher than average increases. […]
The Lauderdale Paradox, And Artificial Scarcity In Canadian Real Estate
The value of Canadian real estate has been debated for some time. Those that benefit from ownership, often say “fundamental value” is sending prices higher. Further adding that the increase of home prices, results in an increase of wealth for the country. Housing activists say that real estate has become highly commoditized. They argue, escalating […]
Vancouver Condo Prices Rise At The Fourth Fastest Pace In History
Lower condo sales and higher inventory should relieve some of the pricing pressure in Vancouver, right? Not according to numbers published by the Real Estate Board of Greater Vancouver.
Canadians Using Real Estate To Secure More Debt Reaches New Growth Record
Canadians are putting up their residential real estate to secure loans, at one of the fastest rates in history. Office of the Superintendent of Financial Institutions (OSFI) numbers show the balance of loans secured by real estate made a seasonal decline in January. The seasonal decline however, is at a much slower pace than previous […]
This Week’s Top Stories: Canadian Real Estate Makes The Largest Drop Since 2008, and New York Gears Up For A Speculator Crackdown
Canadian Real Estate Makes The Largest Drop Since 2008, and New York Gears Up For A Speculator Crackdown.
CREA Now Expects Real Estate Prices and Sales To Fall Across Canada In 2018
CREA, the organization that represents the Canadian real estate industry, just updated their forecast for 2018 – and it’s not pretty.
Teranet: Vancouver Real Estate Prices Drop 1.3% When “Unsmoothed”
Teranet’s HPI shows Vancouver real estate printed an all-time high in February, but a deep dive into the data actually shows a huge monthly decline that’s being averaged out. Here’s what you need to know.
