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Canada Home Prices Fall from Year Ago for First Time since 2009

Canada Home Prices Fall from Year Ago for First Time since 2009 The magnificent house price bubble wheezes. With 2017 mortgage pre-approvals having now expired, the first wave of buyers facing OSFI’s ground breaking mortgage regulations are being put to the test. The regulations, also known as B-20, require all borrowers to pass a stress […]

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Canadian Housing Affordability Hits 27 Year Low

Canadian Housing Affordability Hits 27 Year Low  Real Estate Hasn’t Been this Unaffordable Since 1990 per RBC Nothing says Merry Christmas like a 27 year low for Canadian housing affordability. That’s right, real estate across Canada has not been this un affordable since the year 1990 per RBC. Spoiler alert house prices tumbled shortly thereafter. […]

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Canadian Homeowners Take Out HELOCs to Fund Subprime Buyers Unable to get a Mortgage

Canadian Homeowners Take Out HELOCs to Fund Subprime Buyers Unable to get a Mortgage The Housing & Debt Bubble ascends to the next level of risk. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: The HELOC (Home Equity Line of Credit) has been a blessing and a curse for Canadian households. While it has helped spur […]

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

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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All Heck Breaks Loose in Toronto’s House Price Bubble

All Heck Breaks Loose in Toronto’s House Price Bubble “It’s fear.” During the first two weeks in May, according to preliminary data from Toronto Real Estate Board, home listings surged 47% from the same period last year even as sales plunged 16%. The average selling price dropped 3.3% from April – and this, after a 33% […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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