Teranet: Toronto Real Estate Is Negative For The First Time Since 2009, Vancouver Still Soaring
Canadian real estate prices rise in May, but print the longest deceleration trend since before the Great Recession according to Teranet.
This Week’s Top Stories: IMF Warns Real Estate Prices Are A Risk For Canada, and Canadians Are Paying A Record Amount Of Interest
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate IMF Warns That Canadian Real Estate Is A “Key Domestic Risk” The International Monetary Fund (IMF) is warning that real estate is a “key domestic” risk to Canada. Changes in price expectations, increasing mortgage rates, and unemployment could all be triggers […]
Vancouver Real Estate Inventory Jumps 38%, Now At 34 Month High
Real Estate Board of Greater Vancouver show prices across the region moved higher in May, despite falling sales and soaring inventory.
This Week’s Top Stories: Canadian Mortgage Growth Slows To 2001 Levels, and Real Estate Prices Are Synching Across The World
Time for your weekly cheat sheet on the most important real estate stories. Canadian Real Estate Canadian Mortgage Growth Grinds To A Halt, Slowest Growth Since 2001 Mortgage debt growth is slowing very quickly across Canada. Bank of Canada numbers show mortgage debt stood at $1.528 trillion, up $2 billion from the month before. This […]
Global Real Estate Prices Are Synchronizing & Creating A Real Estate Supercycle… That’s Bad
Global economies are becoming more interconnected, and so are real estate markets. Researchers at the International Monetary Fund (IMF) measured prices in 44 cities, and 40 countries – both in advanced and emerging markets. What they found is that whole countries are seeing real estate prices in the closest synchronization since the Great Recession. Even […]
Ka-Ching! Canadian Households Hit $2.13 Trillion In Debt, Adding Almost $3 Billion In April
Canadian real estate drove debt levels across the country to a new record high, but higher interest rates have kicked off a deceleration of growth.
Canadian Mortgage Growth Grinds To A Halt, Slowest Growth Since 2001
Canada’s seemingly never ending supply of real estate buyers is finally starting to dry up, as mortgage growth falls to a 17 year low.
This Week’s Top Stories: Toronto Is The Country’s Fastest Cooling Real Estate Market, and Canada’s Debt Is Concentrated In 3 Cities
Time for your weekly cheat sheet on this week’s top stories. Canadian Real Estate Toronto Real Estate Leads The Country In Average Price Declines, Saint John Pops Higher Ontario is seeing the fastest declines in average sale prices, while Eastern Canada is moving higher. Toronto led the decline with an average sale price of $804,584 […]
Toronto Real Estate Leads The Country In Average Price Declines, Saint John Pops Higher
The average sale price of Canadian real estate is falling, and fast. Canadian Real Estate Association (CREA) numbers show the average price of a home is down 11.3% in April 2018. Most of the declines are being attributed to the country’s largest and fastest falling real estate market – Toronto. Yeah, I haven’t heard of […]
Vancouver Households Have Over $185 Billion In Debt, Most of It Is Real Estate
Vancouver real estate debt has been soaring, but how much other debt do households have? Equifax numbers from the Canada Mortgage and Housing Corporation (CMHC) show that the majority of debt is real estate related, but there’s still a whack of consumer debt. When broken down into payments, more than a third goes to servicing […]
