“Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years.”
“Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years.”
Very few sales around me, most are going under asking, or aging out without being sold.
Be like everyone else…the fastest growing housing segment is in tents.
Houses in Saskatoon are selling very quickly. Some are sold before the sign is up.
Toronto suburban market is weird, detached houses are still selling for over asking, condo market is dead with prices at the same level as three years ago.
Odd how these things always happen during Liberal governments. But we must remember correlation, despite how many zillion times it happens is not causation. it’s just the budget not balancing itself properly.
It’s prolly because everybody is paying their mortgages off early.
Seriously, I don’t understand Canadian real estate prices. What do you guys make up there to pay these mortgages? I was watching a documentary about weird places, and there was this little point of land that is part of the US but attaches only to Canada, near Vancouver, without going through Canada, you can only get there by boat. Small place, the prices were almost ten times higher across the little border, a stones throw away.
Heh. That’s nothing to be afraid of. Wait till the taxpayers (backers of Farm Credit Corporation) get saddled with the farm debt.
Isn’t slower DEBT growth a good thing???