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Not A Single Major Canadian Real Estate Market Is A Buyer’s Market

Must be something in the water… or credit supply, since every Canadian market is becoming tight. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio increased across the country in December. The rising ratios made for an unusual month – not a single major real estate market across Canada is a […]

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Canada’s Non-Bank Mortgage Industry More Than Triples Its Business

Canadian real estate sales and development soared, and so have mortgage credit needs. New data from Statistics Canada (Stat Can) shows non-bank credit intermediaries (NBCI) have seen explosive growth. Over the past decade, NBCI dealing with mortgages have more than tripled their assets. Mortgages: NBCIs, MFCs, and MICs Today we’re looking at NBCIs, something not […]

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The Surrey Building Boom

The Surrey building boom is in full swing. As mentioned in Daily Hive the other day, there was a record $2.3B worth of building permits approved by the municipality of Surrey in 2019. That number includes residential, commercial, and industrial building permits. “The economic confidence in Surrey has reached new heights and breaking the $2 […]

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Canadian Real Estate Prices Jump With Higher Inflation – Except In Western Canada

Canadian real estate prices have resumed their climb, alongside rising inflation. The Teranet – National Bank of Canada House Price Index (TNB HPI) climbed in December. The modest increase is due to weakness in just a few regions. Eastern Canada, including Ontario and Quebec, are seeing prices climb very quickly. Western Canadian real estate prices […]

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Unintended Consequences

This post is from the Monday Morning weekly Newsletter. You can join Here. The Bank of Canada is set to make its first interest rate decision of the year this Wednesday. While market odds expect the central bank to remain on hold, the outlook is anything but set in stone. The Bank of Canada remains […]

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This Week’s Top Stories: Canadian Real Estate Development Is Booming, While Consumer Credit Tanks

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Household Credit Slows, As Consumer Credit Growth Plunges Lower Canadian household debt is still rising, but experienced a bit of a hiccup in the latest numbers. The balance of outstanding household debt reached $2.26 trillion in November, up 3.9% from […]

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Canadian Household Credit Slows, As Consumer Credit Growth Plunges Lower

Canadians are still borrowing a lot, just not for anything other than mortgages. Bank of Canada (BoC) data shows household debt held by institutions reached a new all-time high in November. All of the monthly increase was due to mortgages however, as consumer credit fell. Canadian Households Have Over $2.2 Trillion In Mortgage Debt Canadian […]

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Vancouver Rental Vacancies Climb To The Highest Level Since 2013

Vancouver’s population growth is still booming, but the rental vacancy rate is climbing. Canada Mortgage and Housing Corporation (CMHC) data shows primary rentals saw vacancies increase in 2019. The rate of vacancy is now at the highest level since 2013, but it has a long way to go to clear that number. Vancouver Rental Vacancies […]

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Toronto Rental Vacancy Rises To The Highest Level Since 2015, Despite Population Boom

Toronto’s population growth is booming, but so are rental vacancies. Canada Mortgage and Housing Corporation (CMHC) data shows primary rental vacancies climbed in 2019. The rate is now at the highest level since 2015, as vacancies climb from decade lows just a couple years ago. Toronto’s Vacancy Rate Rises To Highest Level Since 2015 Toronto’s […]

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New Listings Fall to 10 year Low Across Canada

The national housing market continued to elicit signs of a recovery with actual sales up 22.7% from a disastrous 2018. Sales continue to hover above the ten year averages. This pushed the home price index higher once again, up 3.5% from last year and clearly trending higher. However, what’s more important is to understand the […]

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