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Canadian Real Estate News Headlines (May 23rd 2019)

Share

Canadian Real Estate News Headlines (May 23rd 2019)

Jethro Seymour

My sales career started in 1994 with publishing and media sales...

My sales career started in 1994 with publishing and media sales...

May 21 3 minutes read

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today.

CIBC says drop in big-city mortgage markets has been larger and longer than expected

A drop-off in metropolitan housing markets that has been “more pronounced and more prolonged” than anticipated is weighing on mortgage growth at the Canadian Imperial Bank of Commerce.

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IMF Warns Easing Canadian Real Estate Rules Like Stress Test Is “Ill Advised”

The IMF released its recommendations, after doing a deep dive into Canada’s economy. One key point was to not give into political pressure around real estate. Urging Canada to think long term, they advised against looser regulations or stimulus. The organization didn’t provide numbers, so we pulled a couple of data sets. Long-term, the impact from regulations appears to be very small, outside of volume. Household debt is still growing faster than incomes, and prices made minimal movements.

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Canadians debt levels hit record highs at end of last year, CMHC reports

Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday.

The debt to income ratio of Canadians hit a record high of 178.5 per cent in the fourth quarter last year as mortgage holders continued to take on non-mortgage debt.

The IMF released its recommendations, after doing a deep dive into Canada’s economy. One key point was to not give into political pressure around real estate. Urging Canada to think long term, they advised against looser regulations or stimulus. The organization didn’t provide numbers, so we pulled a couple of data sets. Long-term, the impact from regulations appears to be very small, outside of volume. Household debt is still growing faster than incomes, and prices made minimal movements.

Read More


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