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Daily Archives: May 27, 2020
Falling rents: good for tenants bad for levered landlords
In December 2017, the Bank of International Settlements (BIS) reported that Canada’s highest population areas were home to the most over-valued realty prices, relative to rents and income, of anywhere in the world. According to a recent CIBC and Urbanation … Continue reading
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Canadian credit cycle starting to bite
As Canadian banks begin reporting their second-quarter earnings this week (for Feb thru April), Bank of Nova Scotia was first on deck with a 39% drop in profits and a 111% increase in loan loss provisions. Since business lockdowns and … Continue reading
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