Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate StatCan: Canadian New Home Prices Fall The Most Since 2009 Canadian new home prices are sliding, according to Statistics Canada. The national New Home Price Index (NHPI) fell 0.1% in July, when compared to a month before. This represents a […]
Canadian new home prices are dropping for the first time in nearly a decade. The Statistics Canada (StatCan) New Home Price Index (NHPI) shows prices dropping for a third consecutive month in July. The national decline in new home prices in 2019 is the first since the Great Recession. Canadian New Home Prices Fall For […]
Greater Vancouver’s detached real estate market is seeing improvements, just not in prices right now. Real Estate Board of Greater Vancouver (REBGV) data shows prices are still falling in August. The decline in prices came, even though sales made a double digit surge and inventory fell. Greater Vancouver Detached Real Estate Prices Fall Further Greater […]
Canada’s most expensive new condo markets saw price gains cool in the most recent quarter. Statistics Canada (StatCan) data shows new condo apartment prices saw growth slow in Q2 2019. Both Toronto and Vancouver saw flat to negative price growth in the quarter. Ottawa and Victoria on the other hand, saw prices soar, with the […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Odd: Canadian Mortgage Credit Growth Is Rising, While Consumer Growth Falls Household credit growth is picking up from earlier this year, but still below last year’s levels. The balance of credit outstanding hit $2.22 trillion in July, up 3.6% from […]
Greater Vancouver real estate is improving, but it’s not even close to normal yet. Real Estate Board of Greater Vancouver (REBGV) numbers show a big climb in sales in August. The rise in sales was met with a jump in inventory though, offsetting most of the improvement. The region continued to see falling prices, with […]
Toronto and Vancouver real estate owners are flocking to home equity loans. Canada Mortgage and Housing Corporation (CMHC) numbers show debt payments increased in almost every segment in Q1 2019. The largest growth was in home equity lines of credit (HELOC). Obligated payments for HELOCs grew at almost 3x the rate of the second fastest […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s GDP Gets A Boost By Deepening Reliance On Real Estate Canada’s GDP got a big boost from real estate in the last quarter. Residential investment reached $136.9 billion in Q2 2019, up 1.35% from the previous quarter. This still represents […]
Greater Vancouver real estate developers are launching less units – a lot less. MLA Canada numbers show July saw the fewest new pre-sale units launched in years. Developers have been delaying new releases in response to weak absorption. Fewer launches did help to firm up the absorption ratio, but even with the “firming” sales came […]
Canadian real estate owners with large mortgages are falling behind on payments. Canada Mortgage and Housing Corporation (CMHC) data shows a climbing delinquency rate on large mortgages in Q1 2019. The rate remains relatively low, but does show the trend is reversing, and the market peak is behind us. What Are You Looking At? Today […]
