Canada’s continuing its immigration experiments but this time it’s a little more discreet. Ottawa’s 2027-29 immigration plan maintains the current regular permanent resident admissions target. However, BMO notes that existing and new special measures mean the number of permanent residents will be much higher. As a result, the bank’s economists have nearly doubled their population […]
Canada is adjusting its immigration plan after a recent slowdown in population growth. Budget 2026 shows the country is adding 200,000 permanent resident spots in 2027. On top of regular admissions and existing programs, the total can exceed 580,000 spots by the end of next year. However, this won’t add much to housing demand, as […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada To Lift Ban On Foreign Buyers of New Homes For “Affordability” Canada’s Budget 2026 will extend the foreign buyer home ban but exempt new homes. Billions in taxpayer back incentives were used to create supply with the narrative of bringing prices […]
Canada has one weird trick to help with housing affordability—sell the new homes you can’t afford to foreign buyers. That’s not a mistake; it’s the pitch in Canada’s Budget 2026, which will extend the foreign buyer ban until 2029. However, this time they plan to exempt foreign buyers to clear the stagnating inventory. Ottawa frames […]
Canadian employment was little changed last month, but the details were more concerning. Statistics Canada (StatCan) data show employment stalled in October, but unemployment climbed. It’s not just harder to find a job, but those unemployed are struggling to find work. The agency warns that nearly 1 in 3 adults now face financial hardship, rolling […]
Vancouver real estate prices are diving into a second-leg correction. Greater Vancouver Realtors (GVREB) data shows home prices fell further in October. Strong inventory and weak sales are driving one of the sharpest corrections in Canada, with prices now just 3% higher than they were 9 years ago. Vancouver Home Prices Up Just 3% Since […]
Greater Toronto real estate prices have now seen the largest correction in history. That didn’t stop prices from slipping further in October, according to TRREB data. Lofty inventory and weak sales pushed prices down to their lowest level in almost 6 years. Toronto Real Estate Prices Have Plunged 28.4% Since Peak The price of a […]
The AI revolution requires an unprecedented build-out of data centers. At least, that’s how the narrative goes. A quick peek at the data reveals a funny detail—most aren’t being built. An energy shortage? Nah, most don’t even apply for a connection to the power grid. This is about a little tax code change that sparked […]
Canada’s banks are bracing themselves for the fallout from the real estate bubble. Last week, the CMHC warned that the share of mortgages in arrears will climb further—especially in Ontario. The banks seem to agree, as the data shows they’ve been preparing for a sharp increase in mortgage losses. The median allowance for mortgage losses […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Stalls, Propped Up By Retail And Credit Cards Canadian economic output is starting to struggle. Real GDP was flat for a second straight month in August, with only 9 out of 20 industrial sectors showing growth. Stalling appears to be […]
