We have assembled a collection of thought provoking articles, reports, surveys, industry information, and other interesting content for your enjoyment.
by Joel Bates | May 17, 2019
As reported in today’s RPS - Moody's Analytics Housing Market Outlook, detached single-family home prices are expected to grow by 1.5% across Canada in the coming four quarters. The current cooling of the housing market is not really bad news but should be seen more as a necessary consequence of housing market policy interventions.
by Joel Bates | April 8, 2019
According to the Royal LePage House Price Survey, powered by its sister company RPS Real Property Solutions’ Data and Analytics, Canada’s residential real estate market showed slowing price growth in the first quarter of 2019 with the price of a home in Canada increasing just 2.7 percent year-over-year, well below the long-term norm of approximately 5.0 percent.
by Joel Bates | March 29, 2019
According to RBC’s latest Housing Trends and Affordability Report, home ownership costs have started to dip almost everywhere in Canada. An easing in property values, offset slightly by higher interest rates, brought most of the affordability relief with the first home price decline in some time.
by Joel Bates | February 12, 2019
According to the latest RPS - Moody's Analytics House Price Forecast Quarterly Report, the outlook calls for slower, steadier growth in the Canadian housing market. Based on the most recent data, the home price forecast for single-family homes is 0.9% growth across Canada in 2019.
by Neils Mack | December 14, 2018
House prices are projected to continue to correct and stabilize throughout 2019, according to a recently released report from Royal LePage. Lending rate increases, and new mortgage rules will continue to effect house prices. However, within Canada certain markets will respond differently due to local economic factors.
by Yvonne von Jena | November 30, 2018
The top US financial regulators have released a proposal that would increase the appraisal requirement from $250,000 to $400,000, meaning that certain home sales of $400,000 and below would no longer require an appraisal. The change would have a sizable impact on the real estate market, affecting an estimated 40% of home sales.
by Yvonne von Jena | November 23, 2018
Bank of Canada deputy governor Carolyn Wilkins spoke recently about how monetary and macro-prudential policies interact with each other and how they affect financial stability. She provided some clear, interesting and insightful examples that highlight the impact.
by Yvonne von Jena | November 14, 2018
A little-known HELOC policy is increasingly being adopted by lenders and has received attention in the media. Under this policy, applicants must prove they can afford the theoretical monthly HELOC payment based on the limit of that HELOC, rather than the amount that has actually been used. Notes Rob McLister in the Globe and Mail, “every credit-policy tightening adds up and weighs on home prices.”
by Yvonne von Jena | October 31, 2018
CMHC’s Evan Siddall spoke about regulatory changes and B-20 at the MPC Expo in Montreal this past weekend. The discussion revolved around federal mortgage rule changes, including the new stress test introduced as part of the revised B-20 guidelines, refinance restrictions and much more.
by Yvonne von Jena | October 11, 2018
Office of the Superintendent of Financial Institutions (OSFI) is signaling that it will be taking more action to address mortgage approvals that rely on the equity in the property at the expense of assessing the borrower’s ability to pay the loan.