The year-end bonuses expect to be on par with 2021, but the question is how 2023 will fare? For now, this tenant pool is stable.
Read Full ArticleEconomics & technology
A collection of research and reports on the topic of Economics & Technology in the rental property management business around the globe. Read through, see where opportunities are heading and share your opinions.
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Well-written overview of domestic and global challenges that landlords and real estate investors need to prepare and keep in the back of their minds. My concern is how this ripple effect will have on tenants paying their rent if it creates a domino effect. Governments put a ban on evictions during COVID to prevent an outbreak of social unrest. As a result, landlords are dealing with backlogs of evictions and delays from Landlord & Tenant boards. How do landlords manage and prevent it from getting worse if this second round happens?
Read Full ArticleA Third of Canadians Say They’re “House Poor,” And A Fifth Regret Their Purchase
Are we starting to see fractures in the housing market? These stats are concerning. How accurate are they? Meaning when will we start seeing increasing reports of defaults and delinquencies? Are institutions holding off reporting these delinquencies to keep their books looking good?
Read Full ArticleCanadian small businesses are drowning in debt
These stats about the average debt a business owes is staggering. How long will it take for a small business to pay off this debt as it needs to generate positive cash flow to not only hire employees but also keep the business going? Does it make a case to declare bankruptcy?
Read Full ArticleExclusive articles on Economics & technology in Canada
Canadian Auto Loan Delinquencies Surge Higher As Credit Signals Change In Direction
"The delinquency rate for home equity lines of credit (HELOC) also fell. Just 0.1% of accounts were delinquent in Q3, a new record low for the segment. This segment travels closely with mortgages since they’re unique types of secured debt. Unlike most types of loans, real estate delinquencies aren’t indicative of borrower health. If a market is booming, prices are rising and buyers will scoop the property within days. That means there’s little reason for a mortgage to become delinquent. A borrower in tough circumstances would liquidate before the 90-day mark. That’s why bubbles typically have low default rates. As higher rates persist, a normalization of real estate delinquencies is likely. Just don’t expect a US-in-2008-style bloodbath—credit liquidity isn’t that tight."
Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68%
The data is sending mixed messages as losses are getting larger; however, the share of mortgages turning into losses is falling!? Are we getting false signals demand is still high and mortgage defaults will accelerate in the latter half of 2023 after people tap out their HELOCs?
Europe’s Energy Crisis Is A Bigger Issue For The U.S. Than You Think—Here’s What You Need To Know
Well-written overview of domestic and global challenges that landlords and real estate investors need to prepare and keep in the back of your mind. My concern is how this ripple effect will have on tenants paying their rent if it creates a domino effect. Governments put a ban on evictions during COVID to prevent an outbreak from social unrest. As a result, landlords are dealing with backlogs of evictions and delays from Landlord & Tenant boards. How do landlords manage and prevent it getting worse if this second round happens?