New Canadian Mortgage Rules To Have Little Impact On Housing: BMO
Canada dropped some new real estate demand stimulus, in the name of improved affordability. Last week, the Government of Canada (GoC) announced they’ll be extending amortizations for first-time buyers...
View ArticleCanadian Inflation Heads In The Wrong Direction, Broad Based Growth
Canada just lost some progress on the war against inflation. Statistics Canada (Stat Can) released the Consumer Price Index (CPI) showing a mild acceleration for inflation in March. While minor, the...
View ArticleCanada’s New Housing Plan Won’t Help, But Slowing Immigration Will: BMO
Canada just announced billions in new measures to correct the housing issues it created. Last night the Government of Canada (GoC) released its latest budget, including billions in spending on new...
View ArticleCanada Sees Domestic & Foreign Investors Pull Out At A Record Pace
Canada has historically had a reputation as a safehaven to global investors, but those days are suddenly gone. Statistics Canada (Stat Can) released its securities trade for February. The data revealed...
View ArticleCanadian Household Debt Nears $3 Trillion, Over 130% of GDP
Higher interest rates may have slowed Canadians from borrowing, but they’re embracing hope. Hope that rates will be cut and the debt they’re once again accumulating will go down in cost. Bank of Canada...
View ArticleThis Week’s Top Stories: Canadian Mortgages Help Push Record Debt & Investors...
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Household Debt Nears $3 Trillion, Over 130% of GDP Canadians are warming up to borrowing again, fueled by rumors of...
View ArticleCanadian Mortgage Changes Blur The Line Between Normal & Crisis: CMHC
Canada is taking crisis-style mortgage market intervention, and making it an everyday thing. That was the feedback the Government of Canada (GoC) received from the CMHC. In recommendations dated in...
View ArticleCanadian Government Borrowed The Most From Bond Markets Since 2021
Canada is on an epic borrowing spree, and that’s not good news for anyone else. The Government of Canada (GoC) new direct and guaranteed bond issuance made a big jump in March. It was the biggest...
View ArticleToronto Mortgage Delinquency Rate Surges 71% Higher
The real estate slowdown in Canada’s largest city is starting to show increasing signs it’s not just a blip. Greater Toronto saw a sharp climb to its mortgage delinquency rate in Q4 2023, according to...
View ArticleOntario, BC, and Nova Scotia Real Estate Prices Have Corrected The Most
Most Canadian real estate markets have seen prices decline, but they aren’t nearly as large as many may assume. Canadian Real Estate Association (CREA) data shows the composite benchmark (typical) home...
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