Canadian consumers are throwing up a warning sign, hidden in the numbers. Bank of Canada (BoC) data shows household debt growth accelerated in October. The growth drove total household debt to a new all-time high for the balance. Diving deeper into the numbers, only mortgages are seeing accelerated growth. Consumer credit growth, often seen as […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Households And Businesses Are Going Broke Faster Than Last Year Insolvencies in Canada are seeing a big increase these days. There were 13,512 insolvency filings in October, up 11% from a month before. The monthly number is up 13% when […]
Greater Vancouver real estate market is seeing a big return from buyers. Real Estate Board of Greater Vancouver (REBGV) numbers show sales surged in November. Higher sales were accompanied by less inventory, helping to bring prices up for a second month. Despite the 2 months of rising, annual price growth remains negative. Although the gap […]
It’s the most wonderful time of the year – especially if you’re in real estate. Statistics Canada (Stat Can) released gross domestic product numbers for Q3 2019. The numbers show healthy growth for the economy – until you dive into them. A single-industry represented more than half of quarterly growth – real estate transactions. About […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Seniors Now Owe Over $3.88 Billion In Reverse Mortgage Debt Reverse mortgage debt reached a new record high in Canada, but the rate of growth continues to slow. The balance outstanding was $3.88 billion in September, up 26.43% from last […]
Greater Vancouver new home sales have been softer than last year, but inventory is drying up. Data from MLA Canada, a Vancouver based real estate firm, shows new project launches made a big decline in October. Falling new unit launches, follows soft sales leading up to last month. In response, developers have been delaying and […]
Canada is a country of movers, but apparently not everyone wants to move. Statistics Canada (Stat Can) data shows hundreds of thousands of households were forced to move in 2018. Canadian households forced to move were largely due to evictions and foreclosures. Forced To Move, a.k.a. Evictions and Foreclosures Today we’re looking at the number […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Real Estate Industry Just Downplayed The Biggest October In 10 Years Canadian real estate sales just had a massive October. There were 44,499 sales in October, up 12.9% from last year. The 12-month growth is the highest for October […]
Canadian real estate prices slipped from the all-time high, but not far. Teranet–National Bank of Canada House Price Index (TNB HPI) show prices for the national index fell in October. Despite the decline, most markets are just below peak. Canadian Real Estate Prices Are Just Off Peak The C11, an index of Canada’s largest real […]
Canadian real estate sales are back to booming, and they’re pushing prices higher. Canadian Real Estate Association (CREA) data shows the price of a home in Canada hit a new high in October. Price growth was much stronger in Ontario and Quebec, with Western Canada still dragging. Canadian Real Estate Prices The industry’s aggregate price […]
