Mortgage Delinquencies Are Flatlining In Toronto and Vancouver Shows CMHC Data
Delinquencies on Toronto and Vancouver real estate have stalled, while they continue to decline in Montreal.
The Vancouver Detached Real Estate Market Officially Plunges Into Negative Territory
Greater Vancouver detached real estate printed its first negative annual negative price movement in almost 5 years.
Vancouver Real Estate Sales Hit 18 Year Low, Prices See Slowest Growth Since 2015
Vancouver real estate just had the worst July for sales in nearly two decades, sending price growth tumbling down to 2015 levels.
Over 1 In 10 Canadians That Bought Real Estate In 2017, Borrowed Over $600,000
Canadians rapidly turned to larger mortgages last year, according to new data from the Canada Housing and Mortgage Coproration.
Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001
Slowing Canadian real estate sales are hitting mortgage credit growth. Bank of Canada (BoC) numbers show June’s mortgage credit numbers grew close to half as much as last year. Even worse, the slow credit growth is on track to head even lower. Canadians are now in the worst mortgage market for growth in nearly two […]
This Week’s Top Stories: Canadian Seniors Go On A HELOC Funded Renovation Binge, And Every Real Estate Market West of Ottawa Cools
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Every Major Canadian Real Estate Market West Of Ottawa Is Cooling Down The Canadian Real Estate Association (CREA) released date for their largest markets. The data point that jumps out is the shift in the sales to new listings ratio (SNLR). […]
Canada’s National Housing Agency Thinks Canadian Real Estate Is Overvalued
The government-backed agency in charge of oversee mortgage liqudity still thinks Canadian real estate is overvalued.
Altus: Canadians Turn To HELOCs For Renovations, and 25% Are Seniors
Residential real estate renovations in Canada are being fueled by an extraction of home equity, especially by older Canadians.
Canadian Residential Real Estate Investment Peaked And Is Heading For Declines
Peak Canadian real estate investment is behind us, according to another indicator. Statistics Canada (StatCan) numbers show residential investment as a percentage of gross domestic product (GDP) is moving lower. Taking a dive through unadjusted data, we can see this trend is primed to head much lower soon. What Is Residential Investment? Residential investment is […]
Every Major Canadian Real Estate Market West of Ottawa Is Cooling Down
Canadian real estate markets continued to cool across the country. Canadian Real Estate Association (CREA) numbers show the sales to new listing ratio dropped in every major market west of Ottawa. That’s right, only four markets saw improvements last month. Sales To New Listings (SNLR) The sales to new listings ratio (SNLR) is the indicator […]
