Thursday, 23 January, 2020

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Author: Better Dwelling


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 a month before. The 12-month Read more…


Canadian real estate buyers were out in full force last month. Canadian Real Estate Association (CREA) data shows sales made a substantial jump higher in December. Most of the increase is due to Vancouver real estate’s return to normal volumes. However, almost every major market across Canada is seeing sale volumes climb substantially. Canadian Real Estate Sales Rise Over 22%* Read more…


Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Ontario And British Columbia Lose Over 13,000 Real Estate Industry Jobs In DecemberCanadian real estate and related industries squeezed out a small gain for jobs last month. Across Canada, finance, insurance, real estate, rental and leasing (FIRE) industries employed 1,240,900 people in December, up 1,400 jobs Read more…


Time for your cheat sheet on this week’s top stories. Canadian Real Estate Ontario Takes The Lead, As Insolvencies Rise Across CanadaCanadian insolvencies are rising fast, with Ontario seeing the fastest growth. Ontario saw 4,315 insolvencies filings in October, up 20.9% from last year. To contrast, there were 13,512 filings across all of Canada, up 13% from last year. Ontario’s Read more…


Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Credit Card Debt Tops $79 Billion, Interest Rates Hit A Multi-Year HighCanadians are racking up quite the bill on their high interest rate credit cards. The outstanding balance of credit card debt reached $79.17 billion in September, up 4.07% from last year. Even more surprising, Read more…


Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Households And Businesses Are Going Broke Faster Than Last YearInsolvencies in Canada are seeing a big increase these days.  There were 13,512 insolvency filings in October, up 11% from a month before. The monthly number is up 13% when compared to the same month last Read more…


Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Seniors Now Owe Over $3.88 Billion In Reverse Mortgage DebtReverse mortgage debt reached a new record high in Canada, but the rate of growth continues to slow. The balance outstanding was $3.88 billion in September, up 26.43% from last year. In dollar amounts, $50.82 million Read more…


Time for your cheat sheet on this week’s most important stories. Canadian Real Estate The Canadian Real Estate Industry Just Downplayed The Biggest October In 10 YearsCanadian real estate sales just had a massive October. There were 44,499 sales in October, up 12.9% from last year. The 12-month growth is the highest for October since 2011. The number of sales Read more…


Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s Major Cities Saw Condo Prices Rise Over 3x Faster Than HousesCanadian condo prices increased at a faster pace than the general market. Home prices in Canada’s six hottest markets, increased 0.19% from a year before, and are up 9.22% from Q1 2017. Condo prices Read more…


Toronto real estate prices are rising, but most of the beefy gains are due to one segment. Statistics Canada (Stat Can) updated its new Residential property price index for Q3 2019. The Toronto index shows condo prices are rising much faster than house prices. It also tells us that resale prices are rising much faster than new build homes. Toronto Read more…


Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canada’s National Housing Agency Thinks Toronto Is No Longer OvervaluedCanada’s national housing agency thinks Toronto real estate is now more risky than most places. The CMHC downgraded Toronto risk to “moderate,” from the high rating it held prior. The rating is now at the same Read more…


Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Households Are Saving A Quarter Of What Americans DoCanadian households aren’t saving a whole lot for a rainy day – in fact, they’re saving less than nothing. Households spent $5.82 billion in savings in Q2 2019, saving just $15.62 billion in the year ending Read more…


Time for your cheatsheet on this week’s most important stories. Canadian Real Estate Canadian HELOC Debt Reaches Over $303 Billion, But Growth Slows DramaticallyThe pace at which Canadians are using their homes as ATMs is slowing quickly. The balance of loans secured by property hit $303.41 billion in August, up 4.27% from last year. This is the fourth consecutive month Read more…


Canadian real estate markets are heading in opposite directions, as Ontario picks up. Canadian Real Estate Association (CREA) data shows national prices made a gain in September. The national index, making a smaller than inflation rise, was held down by British Columbia markets. Canadian Real Estate Prices Rising Less Than Inflation Canadian real estate prices showed positive growth for a Read more…


The Greater Toronto detached real estate market is buzzing once again. Toronto Real Estate Board (TREB) numbers show sales made a big jump in September. Sales volumes aren’t back to boom time levels, but the increase was enough to raise prices. Most of the gains are in the 905, which is seeing much higher price growth than the City. Toronto Read more…