Canadian new home starts are slowing—but not as fast as population growth. In Q1 2025, builders broke ground on more than two homes for every person added. If the current trend persists, the average household size will hit a record low by next year. That’s a far cry from the alarm raised by Canada’s state-owned […]
Canadian real estate soared on runaway population growth—but that fuel is running low. Statistics Canada (Stat Can) data shows the population stalled in Q2 2025, marking one of the slowest quarters on record. It’s uncharted territory for BC and Ontario, where home prices soared based on the myth of perpetual growth—yet both provinces are now […]
The Canadian condo slump continues as weak demand and rising inventories erode prices. Canadian Real Estate Association (CREA) data shows the price of a benchmark (typical) condo apartment fell for a 19th consecutive month in May. Despite a smaller correction than the broader market, prices are now at the lowest since 2021. Canadian Condo Prices […]
Canada’s real estate industry is a little overenthusiastic about last month’s market data, according to one of the country’s largest banks. A new BMO Capital Markets report explains that weak sales and rising inventory persist, suggesting pricing will remain sluggish in the near term. The bank warned investors that real estate corrections are measured in […]
Canadian real estate’s ice cold summer continued last month. Canadian Real Estate Association (CREA) data shows the price of a typical home (composite benchmark) fell for a sixth consecutive month in May. Weak sales, rising inventory, and economic jitters helped to push prices to the lowest level in 4 years. Canadian Real Estate Prices Fall […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Ontario Unemployment Hits Recession Levels, Driven By Excess Labour: BMO Ontario’s unemployment rate hit 7.9% in May, nearly a point above the national average—a rare level outside of a recession. What’s unusual is the province hasn’t been losing jobs; it’s been adding […]
Canadian households are once again piling on debt faster than their incomes can keep up. Statistics Canada (Stat Can) data shows the household debt-to-income ratio rose in Q1 2025, eroding some of the progress made in previous quarters. While rate cuts initially offered relief, they’ve begun to backfire—fueling borrowing and increasing household vulnerability to economic […]
Canada’s job market just lost one of its biggest crutches: public sector hiring. After years of driving job growth—expanding at twice the pace of the private sector—the public workforce abruptly contracted in May. New data from Statistics Canada’s Labour Force Survey (LFS) shows a sharp pullback, raising questions about recent job gains. While the hiring […]
Canadian policymakers are helicoptering money to stimulate building, but it doesn’t appear to be working. Statistics Canada (Stat Can) data shows the total value of building permits fell sharply in April, dropping to the lowest monthly volume in nearly a year. The annual decline was so large it was amongst the largest since 2020. Canadian […]
Canadian real estate doesn’t just feel out of reach—there’s quantitative evidence. A new Statistics Canada (Stat Can) study shows that real wages have only seen modest growth from 1981 to 2024. When compared to the surge in real home prices, it becomes clear this generation isn’t just exaggerating—home prices have grown nearly 7x faster than […]
