The Greater Vancouver condo market is seeing the return of buyers. Real Estate Board of Greater Vancouver (REBGV) data shows a big jump in sales for September. Despite the increase in sales, rising inventory helped to push prices even lower. Greater Vancouver Condo Prices Drop Over 6% Greater Vancouver condo apartment prices are still falling, […]
Canadian mortgage credit is growing, but isn’t quite where it should be. Bank of Canada (BoC) numbers show the balance of mortgage debt hit a new high in September. Mortgage credit growth has improved substantially from last year. However, the improvements to growth, still don’t bring it into typical range. Canadians Owe Over $1.6 Trillion […]
Time for your cheatsheet on this week’s most important stories. Canadian Real Estate Canadian HELOC Debt Reaches Over $303 Billion, But Growth Slows Dramatically The pace at which Canadians are using their homes as ATMs is slowing quickly. The balance of loans secured by property hit $303.41 billion in August, up 4.27% from last year. […]
Canadian real estate markets are heading in opposite directions, as Ontario picks up. Canadian Real Estate Association (CREA) data shows national prices made a gain in September. The national index, making a smaller than inflation rise, was held down by British Columbia markets. Canadian Real Estate Prices Rising Less Than Inflation Canadian real estate prices […]
Canadian real estate sales are back, but it’s unclear if this is just delayed demand. Bank of Canada (BoC) data shows new mortgage lending made a big jump in July. The rise is less impressive, when compared with the unusually weak performance preceding. Two years ago, the mortgage industry warned policy changes would result in […]
Canadian real estate prices are pushing to new highs – just not in Western Canada. The Teranet–National Bank of Canada House Price Index (TNB HPI) is showing prices increasing across the country in September. The growth was much slower than usual for this time of year though, weighed down by weak performance in Western Canada. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The IMF Crunched Numbers On Canadian Real Estate. Here’s How Overpriced It Is IMF calculations show some Canadian real estate prices are detached from reality. Toronto real estate prices are 54.7% higher than fundamentals warrant. Vancouver is a little better, […]
Canadian real estate prices are soaring, but only a few markets have detached from reality. The ones that have though, boy oh boy – have they ever detached. New numbers obtained from IMF staff, show the gap between prices and fundamentals. For the most part, Canadian real estate prices can be explained through access to […]
Despite rock bottom borrowing rates, some Canadian real estate buyers are paying more. Bank of Canada (BoC) numbers show variable rates on residential mortgages made a big jump. Even with borrowing rates generally falling, variable interest mortgages are at a six year high. Variable Rate Mortgages Variable rate mortgages are when the borrower sees the […]
Who needs government stimulus? Canadian real estate sales are on the rise, in almost every major market. Canadian Real Estate Association (CREA) numbers show real estate sales are back to pre-cooling measures, as of September. The big spike in sales may have you thinking of a recovery. However, CREA’s chief number cruncher expressed some concerns. […]
