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Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans

January 16, 2021

Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans It’s odd to see it occur while almost every market reports record home sales.  Canada’s real estate markets are booming, but lenders are preparing for mortgage losses. Bank of Canada (BoC) data shows the allowance for credit losses due to mortgages reached a record high […]

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Real Canadian Mortgage Credit Growth Is Pointing To An Early 80s Style Meltdown

November 14, 2018

Real Canadian Mortgage Credit Growth Is Pointing To An Early 80s Style Meltdown Canadian mortgage credit growth is falling, but how bad is it in real terms? People are comparing today’s low growth numbers to the mid-1990s. While there are some parallels, it more accurately resembles the early 1980s. Mortgage credit growth, when adjusted for […]

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Canada Has A Subprime Real Estate Problem, You Just Don’t Know It

June 16, 2018

Canada Has A Subprime Real Estate Problem, You Just Don’t Know It A few weeks ago, a real estate agent told me about his client. Relatively wealthy older dude, closed on not one but two townhouses he plans on flipping. After some questions regarding who financed such a deal, he explains it was a private […]

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BoC: 8% Of Canadian Households Owe More Than 20% Of The $2.1 Trillion In Debt

May 7, 2018

BoC: 8% Of Canadian Households Owe More Than 20% Of The $2.1 Trillion In Debt Canadian real estate debt hit a new high, and the news gets worse as they explain it further. The Bank of Canada (BoC) updated household debt numbers for March. In a speech this week, BoC’s Governor Stephen Poloz also gave […]

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Congrats! Canadians Just Set A New Record For Borrowing Against Their Homes

April 21, 2018

Congrats! Canadians Just Set A New Record For Borrowing Against Their Homes Canadian real estate related debt tapering? That would be ridiculous! Filings obtained from the Office of the Superintendent of Financial Institutions (OSFI) show, after a brief decline in January, the balance of loans secured by residential real estate hit a new high in […]

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Teranet: Canadian Real Estate Prices Drop Most In 7 Years, Led By Toronto

October 25, 2017

Teranet: Canadian Real Estate Prices Drop Most In 7 Years, Led By Toronto Canadian real estate prices may be softening. Numbers from Teranet show that home prices generally declined across the country in September. This decline is led by a drop in prices around the Greater Toronto Area, extending through the Greater Golden Horseshoe. Although […]

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Canadians Are Borrowing Against Real Estate At The Fastest Pace Ever

September 4, 2017

Canadians Are Borrowing Against Real Estate At The Fastest Pace Ever Canadian real estate prices have soared, and so did borrowing against that value. Our analysis of domestic bank filings from the Office of the Superintendent of Financial Institutions (OSFI) shows that loans secured against property has reached an all-time high. More surprising is the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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