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As Canadian Growth Rates Slow, Borrowing Rates Are Rapidly Ascending
Posted March 14, 2019
Posted March 14, 2019
According to the Bank of Canada, lenders in Canada have begun to effectively stall on rising rates and borrowing rates are rapidly ascending. This stall has reportedly been held for five weeks, consecutively. As a byproduct of this stalling, annual growth is dropping. This phenomenon is rarely seen, despite the years leading up to 2016....
Hamilton-Burlington real estate sales jump in February
Posted March 06, 2019
Posted March 06, 2019
According to the RAHB, home sales are increasing steadily by the month. In Hamilton and Burlington, 735 homes were sold last month alone. When comparing this to January, a nearly 24 percent increase is present. When compared to February or last year, a 4 percent drop is also present. According to George O’neill, CEO of...
Looking to sell a house? It’ll take this long among Canada’s 63 real estate markets.
Posted February 26, 2019
Posted February 26, 2019
When discussing real estate markets, overvaluation, and plenty of other related things, it’s common to report on major cities like Toronto and Vancouver, however, not everyone lives in these cities. Many readers want to hear about their own places of residence and how long it takes to sell a house in their area. They want...
CMHC: Third Quarter Vulnerability For The Tenth Quarter In A Row
Posted February 21, 2019
Posted February 21, 2019
The overvaluation in the Toronto and Victoria real estate markets have dropped significantly, however, according to the Canada Mortgage and Housing Corporation (CMHC), the vulnerable rating that was previously given to Hamilton and Vancouver remain. The CMHC came out with a statement on Thursday, expressing their concern in regards to the vulnerability, and stated that...
With mortgage rate so low, what are the big banks to do?
Posted February 19, 2019
Posted February 19, 2019
According to the Bank of Canada, the mortgage rate growth among residential buyers rose nearly 3 percent in just one year. As of December, the rise results in a nearly $1.55 trillion, which can and is deemed to be among the slowest paces in nearly 17 years. Due to this, Canada’s big banks have been...
Listen Up Canada, It’s Time To Ditch The Big Six
Posted February 15, 2019
Posted February 15, 2019
It’s not often that a change in rates makes a company skyrocket to headlines of the next morning paper, but when it does, those companies are most likely among the following. CIBC, RBC, TD, BMO, the National Bank of Canada, and Scotia bank. Yes, the big six. The banks that essentially run the real estate...
Vulnerable Today, Thriving Tomorrow – Canadian Real Estate
Posted February 13, 2019
Posted February 13, 2019
According to Canada Mortgage and Housing Corporation, the Canadian real estate market has continued to ease up in terms of its extremely high value. However, major cities such as Toronto, Mississauga and Victoria are deemed to be in an extremely vulnerable state. These reports are all but familiar, for this is the tenth subsequent quarter...
Canadian Real Estate Experiencing The Worst Declines Since The Last Recession
Posted February 04, 2019
Posted February 04, 2019
Canadian real estate has been on the rise for the past few years, but as of 2018, that statement can no longer be deemed correct. Sales among Canadian real estate have dramatically slowed, with a notable drop of 11%. According to the Canadian Real Estate Association, this drop is larger than any we’ve seen for...
Leading Then, Falling Now, Canadian Real Estate ’s Downward Plung
Posted January 24, 2019
Posted January 24, 2019
Over the past year, Canadians have maintained superiority in regards to real estate growth among all G7 countries. According to statistics provided by the US Federal Reserve, the Canadian real estate market had surpassed all other G7 countries in respect to just how high the price growth of real estate had become. As of the...
