Canadian Real Estate News Headlines (July 18th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Foreign Buyers Of US Real Estate Drops Over 31%, Fewest Chinese Buyers In 10 Years
Foreign buyers aren’t into US real estate these days. National Association of Realtors (NAR) numbers show a lot less foreign buyers in the year ending March. This is the second year volumes have declined, printing the fewest foreign buyers in at least a decade.
Canadian Mortgage Delinquency Rates Are 8x Higher At Alternative Lenders
Canadian real estate owners are turning to private lenders, which may not be great news. Canada Mortgage and Housing Corporation (CMHC) gave households an update on lender data from 2018. The overall rate of delinquency remains low. However, increasingly popular private lenders are seeing delinquency rates 8x higher than typical.
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