Three Real Estate Stories in the News for Thursday, April 12th 2018

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Canada housing starts and permits dip in Feb; overall activity robust

Canadian housing starts slowed slightly in March and building permits dipped in February, but overall residential construction activity remained strong despite a housing correction in some areas, separate reports showed on Tuesday.

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Cracks are starting to show in Canadians' credit quality, RBC warns

The quality of Canadian consumer credit is beginning to deteriorate, according to Royal Bank of Canada credit analyst Vivek Selot.

The roll rate — the percentage of credit card users who “roll” from early stage delinquencies to 60-89 day delinquencies — reached the highest since 2008 for one credit card program, while delinquencies for another program were above the 10-year average, Selot said in a monthly analysis of credit securitization programs.

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Canadian Housing Starts Trend Stable in March

The trend in housing starts was 226,842 units in March 2018, compared to 225,804 units in February 2018, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

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Jethro Seymour, one of the Top Midtown Toronto Real Estate Brokers, provides you with Canadian real estate news headlines ( April 12th 2018)