Canadian real estate sales are still dropping. Canadian Real Estate Association (CREA) numbers show home sales falling in November. Last month, only three major real estate markets saw increase on a year over year basis. The rest saw declines, especially in major markets like Vancouver – which led the way lower. Canadian Real Estate Sales […]
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate CMHC: Vancouver Has The Most Indebted Households In Canada, Toronto Not Far Behind Vancouver, Toronto, and Victoria are the country’s most indebted cities. Vancouver led the pack with a debt to income ratio (DTI) of 242% in Q2 2018. To put […]
Congrats, Vancouver! You’re Canada’s most indebted city, largely due to the recent rapid rise in real estate prices. Breaking down the Canada Mortgage and Housing Corporation (CMHC) numbers from yesterday, we can see where Vancouver spends its cash. In Q2 2018, over 80% of Vancouver Census Metropolitan Area (CMA) debt was tied directly to the […]
Canada’s most expensive real estate markets are the most vulnerable to rate shock. Surprising, we know. Canada Mortgage and Housing Corporation (CMHC), using Equifax data, crunched the Q2 2018 numbers for debt to income ratios across Canada. The numbers show cities with the most expensive homes also have the highest DTI ratios. The high levels of […]
Canadian real estate price growth is cooling, with the market making unusual moves. The Teranet – National Bank of Canada (HPI) showed Canadian real estate markets made a rare decline in the month of November. The monthly decline was observed across the country, with only 3 small markets making a gain. Teranet-National Bank Feel free […]
The bloodbath for Vancouver’s detached real estate market continues. Real Estate Board of Greater Vancouver (REBGV) numbers show a sharp decline in prices for November. The decline was largely the result of declining sales, and rising inventory. Greater Vancouver Detached Real Estate Prices Fall Over 6% The price of a typical detached home in Greater […]
Canadian real estate owners might be in for a surprise, if they have a variable rate mortgage. Bank of Canada (BoC) numbers show the estimated variable mortgage rate increased by more than a fifth The rise in rates leaves Canadians paying more to their banks, and making less of a dent on that debt pile. […]
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Largest Real Estate Developer Declared A Soft Landing. They’re Wrong Canada’s largest real estate developer has declared the country has officially made a soft landing. There’s just a few problems with that. First, it’s way too early to call, […]
Break out the champagne for the next open house, because it’s all clear sailing from here. That’s according to the CEO of one of Canada’s largest real estate developers, who declared Canadian real estate achieved a soft landing. The situation is not unlike the US being declared a soft landing in 2006, but just like […]
The Greater Vancouver real estate market has officially flipped upside down. The Real Estate Board of Greater Vancouver (REBGV) reported November saw the first annual price drop across the region in years. The price drop isn’t a surprise, as a sharp decline in sales is being met with a big rise of inventory. Greater Vancouver […]
