Author Topic: Garth Turner - Real Estate in Canada  (Read 187820 times)

mcliu

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Re: Garth Turner - Real Estate in Canada
« Reply #1230 on: December 22, 2016, 05:19:45 PM »
maybe you could share with us some of this data.

3) Debt service ratio:

I stand corrected by Liberty on the total DSR, which is currently a bit higher than its 25-year average. Interestingly enough, the DSR on mortgages are right at its historic averages so the increase in total DSR is due to the rise in DSR of non-mortgage loans - likely due to more auto loans and substitution of credit cards for cash based payments.

RBC report on Stats Canada DSR ratios: http://www.rbc.com/economics/economic-reports/pdf/other-reports/currentanalysis.pdf

The DSR is probably significantly higher for Toronto and Vancouver than for Canada as a whole.

This RBC Housing Affordability report shows Ownership Costs as a % of Total Income on a city-by-city basis. http://www.rbc.com/newsroom/_assets-custom/pdf/20161221-ha.pdf

It shows Canada at 45%. Toronto over 60%. Vancouver over 90%.

rb

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Re: Garth Turner - Real Estate in Canada
« Reply #1231 on: December 23, 2016, 12:02:26 AM »
ok, is anyone aware aware of any pro real estate trades aside from mortgage insurers and banks?

wisdom

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Re: Garth Turner - Real Estate in Canada
« Reply #1232 on: January 11, 2017, 11:16:16 AM »
http://business.financialpost.com/personal-finance/mortgages-real-estate/how-lenders-are-sidestepping-canadas-mortgage-rules-with-bundles-of-debt

The regulators and media seem to be noticing it since this is now 12.5% of the market. I don't believe sub prime in US ever got that big.

This is in addition to home owners whose houses are assessed at $1.6 mil being considered financially strapped. Thus, the government is giving them a break of $570 on average. That should make those $1.6 mil homes more affordable.


wisdom

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Re: Garth Turner - Real Estate in Canada
« Reply #1233 on: January 11, 2017, 11:22:07 AM »
http://www.cbc.ca/news/canada/british-columbia/richmond-bans-airbnb-1.3930551

A suburb of Vancouver bans short term rentals to free up available stock.