😨 Creeping CRE Crunch & Canada's Crash

Navigating the chop: From bank woes to northern nosedives

M&T Bank's latest peek into their portfolio might just give you a double take.

Turns out, their commercial real estate loans are starting to look a bit shaky.

With CRE values still on the way down, and it could be prime time for investors to start scouting for opportunities.

Now, while you’re on the lookout, don’t forget our neighbors to the north.

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House prices in Toronto have taken a 20% dive since their peak in 2022.

This big chill in the market could mean it's the perfect time to bundle up and get ready for some bargain hunting.

After all, who doesn't love a good sale?

But wait, there's more stirring in the pot.

From the construction cooldown to the office space odyssey, the landscape is shifting.

Imagine, builders are hitting the brakes and those once bustling office spaces are now echoing with the sound of... well, nothing.

So whether it's snatching up those lonely office buildings or picking through the construction slowdown, there are opportunities at every turn.

In this edition of the AltReports:

🤑 Borrower Bonfire

📉 Maple Meltdown

🔨 Framing Fiasco

🏙️ Capital Collapse

🔮 Rental Ruins

Video of the Week: Troubling Data for U.S. Economy and Housing Market

Chart of the Week: Disappearing Affordability

Podcast of the Week: DON’T Pay Off Your HELOC Until You Watch This

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M&T Bank Reports Higher Default Risk, Potential Losses for CRE Loans

So, M&T Bank has taken a peek at their books and, yep, it’s not looking great. 

They’re seeing more commercial real estate loans that might not pay off. 

They’re worried about losing money, and honestly, who wouldn’t be?

The Most Splendid Housing Bubbles in Canada: End of Easy Money

Canada’s sky-high house prices are coming back down to earth. Imagine going from feeling like real estate royalty to having your castle shrink by 20% in Toronto and 18% nationally.

Even Calgary's oil-fueled houses can't escape the chill.

Look’s like the bubble has popped for homeowners and investors alike.

Residential Construction in 2023: Multifamily Starts Fall from 38-Year High

Builders seem to have hit the pause button this year. 

After a building bonanza, both the fancy apartment projects and cozy single-family homes are not popping up as much. 

It's like everyone decided to take a breather at the same time, signaling maybe we’re due for a little chill in the housing market.