Canadians are taking on larger mortgages, but are they having trouble paying them down?
The Economist says that Canada’s housing market is overvalued by at least 25 per cent.
Despite data and forecasts suggesting that the long-predicted “soft landing” for Canada’s housing markets in starting, there are many mortgage lenders and real estate agents who are not seeing that in their areas.
Optimism for the housing market is still rising according to the latest Bloomberg/Nanos Canadian Confidence Index.
The Economist magazine has surveyed housing costs around the globe and found that Canada’s housing prices are overvalued by 35 per cent when side by side with Canadian incomes.
Brokers, better get scrappy. Regulatory changes in another sector are threatening to draw more players into mortgage brokering despite the soft market.
Brokers aren’t ready to give up without a fight: Several industry players share their thoughts on winning back market share.
Prices and sales in Canada’s hottest markets all but rule out the possibility that they’re on the verge of the soft landing gripping much of the country.
There was an 8.3 per cent increase in condo sales in the Greater Toronto Area in the last quarter of 2014 compared to a year earlier.
Saskatoon’s multi-family unit sector is on a high with plenty of investment in the sector.
Investors want property in Vancouver and some are willing to pay a high premium for it.