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Canadians still aren’t returning to the real estate market, and it’s hitting mortgages. Canadian Bankers Association (CBA) numbers show November had fewer mortgages than the year before. The decline represents the fourth month the market has seen negative prints. Prior to this, the number of mortgages hadn’t dropped on an annual basis in over 29 […]
The post Canada’s Largest Banks See Mortgage Numbers Print Another Negative appeared first on Better Dwelling.
Canadian real estate buyers aren’t so sure about sending prices higher near term. The US Federal Reserve Bank of Dallas (Dallas Fed) released quarterly exuberance indicator for Q4 2018. The indicators, a measure of emotional premiums paid, plummeted over the past year. The drop brought the indicator to the lowest levels in four years. Now […]
The post Canadian Real Estate Buyer Exuberance Is Crashing appeared first on Better Dwelling.
Canadian homeowners are still turning to reverse mortgages in their golden years. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of reverse mortgage debt hit a new record high in February. Annual growth for reverse mortgage debt is slowing, but still on track to double every 3 years. What’s A Reverse […]
The post Canadian Seniors Rack Up Almost $3.5 Billion In Reverse Mortgage Debt appeared first on Better Dwelling.
Toronto real estate sales are still slowing, but buyers are still bidding up prices. Toronto Real Estate Board (TREB) numbers show condo apartment prices reached an all-time high in March. The record high for prices came with a six year low for sales, and a three year high for inventory. Toronto Condo Prices Reach A […]
The post Toronto Condo Sales Reach 6 Year Low, Inventory Pops To 3 Year High appeared first on Better Dwelling.
Canadian real estate sales continue to slide even lower. Canadian Real Estate Association (CREA) numbers show sales dropped once again in March. The decline in home sales across the country marks an unusually long period of negative growth. Canadian Real Estate Sales Fall To 6 Year Low Canadian real estate sales slipped once again. CREA […]
The post Canadian Real Estate Sales Print Longest Losing Streak Since 2008 appeared first on Better Dwelling.
Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Insured Mortgages On Canadian Real Estate Fall Almost 10% The balance of insured mortgages on Canadian real estate is falling. There were $456.35 billion of insured mortgages in January, down 9.37% from last year. The average cost of carrying these […]
The post This Week’s Top Stories: Canadian Real Estate Is The Most Expensive In The G7, And Prices Are Dropping While Debt Continues To Rise appeared first on Better Dwelling.
Canadian real estate price growth is still slowing, according to land registry data. The Teranet–National Bank House Price Index (TNB HPI) show prices fell for the first time in March, outside of recession. The drop represents the sixth consecutive monthly decline for Canadian real estate markets. Teranet-National Bank House Price Index (TNB HPI) Regular readers […]
The post Canadian Home Prices Fall For 6th Consecutive Month, First March Outside of Recession appeared first on Better Dwelling.
Canadian households are accumulating debt faster than assets are appreciating. Statistics Canada (StatCan) data shows the debt-to-asset ratio increased very quickly in Q4 2018. The ratio is now growing at the fastest pace since the Great Recession, and is at the highest level since 2014. Debt To Asset Ratio The debt to asset ratio (DTA) […]
The post Canadian Household Debt Is Growing Much Faster Than Asset Values appeared first on Better Dwelling.
Canadian real estate prices are dropping, but they’re very far from their peers. US Federal Reserve Bank of Dallas (Dallas Fed) data shows real prices across the country are down in 2018 Q4. Even with the decline, prices are massively elevated compared to other G7 economies. About The Index Home prices in this index use […]
The post Canadian Real Estate Prices Down 7% From Peak, But Still 52% Above G7 Peers appeared first on Better Dwelling.
Toronto’s detached real estate market is showing signs of stabilizing – relatively speaking. Toronto Real Estate Board (TREB) numbers show prices are officially on the rise in March. Meanwhile, the 905 and city, head in opposite directions with sales and inventory. Detached Toronto Real Estate Prices Are Flat Detached prices in Greater Toronto moved a […]
The post Toronto Real Estate: Detached Homes See Demand Fall In The City, Rise In The 905 appeared first on Better Dwelling.
