REITs, housing, commercial property and financing conditions.
About 12% of outstanding mortgages still face the pandemic-vintage reset, with an average payment increase near 15%. National arrears remain low. The risk is concentrating rather than broadening.
Par Hannah Kuan3 min de lecture
Canadian mortgages renew every few years, not every thirty. That structural difference concentrates rate risk into renewal windows, and the arithmetic is more specific than the headlines suggest.
Par Priya Sandhu4 min de lectureRYTDBMOCM
A REIT distribution is safe until the debt behind it reprices. Here is how to read the payout ratio, the maturity ladder and the interest coverage covenant together rather than separately.
Par Priya Sandhu4 min de lectureREI.UNCAR.UN
Debt taken at pandemic-era rates matures into a higher-cost market. Interest coverage is the metric to watch.
Par Marc Belzile4 min de lecture
Canada's short mortgage terms mean rate increases hit household budgets in staggered waves rather than all at once, with the largest renewal wave still ahead. The piece explains why Canada differs from the US, how the drag shows up in consumer spending, and what could offset it.
Par Élise Galarneau3 min de lecture
A steady national housing-starts headline is masking a sharp split between resilient multi-unit construction and falling single-family building. This piece explains the financing mechanics behind the divergence and why materials investors should track the mix, not the total.
Par Marc Belzile3 min de lecture
