Happy Monday Morning! The hits keep coming. October housing data just dropped for many major metros across Canada, highlighting the continued slump as we head into the winter months. In the GTA, home sales fell by 49% on a year-over-year basis during the month of October. This comes on top of
These new immigrants might be providing more than a floor under the rental market if they're climate immigrants from the drought stricken Colorado river States?
Worry about investors in the MICS, which do loans the banks won't touch, with high interest rates, a couple points in fees, often LTV ratios at the limit of prudence. Prepay interest and add it to the loan amount, so loans are always "current", even though foreclosure is the only exit. Loans renewing now on properties with falling values. MICs freezing redemptions
These new immigrants might be providing more than a floor under the rental market if they're climate immigrants from the drought stricken Colorado river States?
https://grist.org/drought/colorado-river-cuts-interior-department-reclamation/?fbclid=IwAR2KUFXlSRqdiInGWayTM6Y0gAwCHaLHqpeKW_RipVYMd-kmNi3aIWxCp5M
Worry about investors in the MICS, which do loans the banks won't touch, with high interest rates, a couple points in fees, often LTV ratios at the limit of prudence. Prepay interest and add it to the loan amount, so loans are always "current", even though foreclosure is the only exit. Loans renewing now on properties with falling values. MICs freezing redemptions