Canadian Households See Borrowing Costs Rise To Highest Levels Since 2011
Canadian real estate buyers are facing the highest cost of borrowing since 2011, and that’s going to cool credit demand even further.
This Week’s Top Stories: Toronto and Vancouver Detached Sales Continue To Slow, While Mortgage Payments and HELOCs Soar
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate The Average Mortgage And HELOC Payment Is Soaring In Toronto And Vancouver Canadians are facing higher payments on mortgages and HELOCs, especially in Vancouver and Toronto. The average monthly mortgage payment in Vancouver reached $1,794 in Q1 2018, up 6.5% […]
The Average Mortgage and HELOC Payment Is Soaring In Toronto and Vancouver
Canada’s national housing agency crunched the numbers on the average debt payments, and they’re soaring in Toronto, Vancouver, and Montreal.
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.
