Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans by Daniel Wong • Jan 14, 2021 • 53 Comments It’s odd to see it occur while almost every market reports record home sales.
Toronto Rental Market Hit by 82% Spike in Apartments for Rent by Stephen Punwasi • Aug 13, 2020 • 53 Comments But a surge in new renters pronto is unlikely.
Huge Debt Payments at Worst Time for Canadian Oil Drillers by Oilprice.com • Jul 7, 2020 • 30 Comments “There’s a lot of extend, amend, and pretend with respect to finance documentation. But at some point the music will stop.”
Head of Canada’s Mortgage & Housing Agency Warns Home Buyers to Question Motives of Those Saying Prices Will Rise by Stephen Punwasi • Jun 1, 2020 • 75 Comments “They’re whistling past the graveyard and offering no analysis.”
Canadian Home Sales See Worst April Since 1984, Montreal And Toronto Lead Lower by Kaitlin Last • May 18, 2020 • 44 Comments National sales volumes have been sliding for a few years, but this is like nothing seen in a long time.
No One Knows How the Coronavirus Will Impact Canadian Real Estate, But Here Are My Thoughts by Steve Saretsky • Mar 13, 2020 • 100 Comments How will Canadians service $1.56 trillion in mortgage debt plus other debts such as credit cards? What about tenants who can’t pay their rent?
Carmageddon Spreads to Canada by Wolf Richter • Jan 5, 2020 • 114 Comments Sales fall for second year in a row, as car sales collapse further and truck sales barely tick up.
Status of US Dollar as Global Reserve Currency v. Euro, Yen, Chinese Renminbi, & Others by Wolf Richter • Jan 2, 2020 • 111 Comments Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.
The State of the Canadian Debt Slaves, How They Compare to American Debt Slaves, and the Bank of Canada’s Response by Wolf Richter • Dec 13, 2019 • 160 Comments “The high household debt load is the most important risk facing the financial system.”
Canada’s Most Splendid Housing Bubbles v. Its Other Markets, October Update by Wolf Richter • Nov 19, 2019 • 54 Comments Vancouver has tiny uptick after 14 declines. Toronto dips below July 2017 peak. Victoria ekes out high. Calgary, Edmonton stuck below oil-boom peaks years ago. Quebec City flat 6 years. Montreal ticks down from high…
