Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Affordability Best In 4 Years, Still At 90s Bubble Levels: RBC Canadian housing affordability is the best it’s been in the past 4 years, but that’s not as great as it sounds. RBC estimates a median household needs to spend 53% […]
Housing in Vancouver avoided a major correction like Toronto, but it may be running out of luck. Greater Vancouver Realtors (GVREB) data shows sales climbed in June, and inventory pulled back. Both moves are signs of tightening, but with prices slipping and inventory at some of the highest levels the month has seen, the market […]
Toronto real estate is seeing slow signs of improvement—very slow signs. Toronto Regional Real Estate Board (TRREB) data shows sales climbed in June, while inventory slipped. Despite the firmer market, prices moved lower as the region still saw one of the weakest Junes on record. Toronto Real Estate Prices Resume Declines After Climbing 4 Months […]
Canadian real estate is the most affordable it’s been in years, but it’s far from normal. The RBC Housing Affordability Measures (HAM) shows things improved in Q1 2026, marking the most attainable level in the past 4 years. The catch? Even with the improved affordability, conditions are equal to the 90s real estate bubble. RBC […]
Canadian economic output rebounded sharply after spending a month in negative territory. Statistics Canada (StatCan) data shows gross domestic product (GDP) ripped higher in April. The surge wasn’t a sign of an economy back to healthy growth though, as temporary factors and public sector spending was behind most of the boost. Canadian GDP Rebounded In […]
Canada’s latest payroll data may be less encouraging than it sounds, confirming inflation stress. Statistics Canada’s (StatCan) Survey of Employment, Payrolls and Hours (SEPH) shows jobs rose sharply in April—and revised March from a steep loss into a gain. BMO warns the details are less flattering—the gains appear driven by workers taking on extra jobs, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Hit 12-Year High, Banks See 2020 Boom Wiped Out The country’s largest banks are seeing more overleveraged borrowers fall behind. The arrears rate rose to 0.28% in April, doubling since September 2022 to a 9-year high for the rate. […]
Canadian mortgage debt has seen explosive growth return, but banks aren’t seeing the benefit. Canadian Bankers Association (CBA) data shows the arrears rate in April was the highest for the month in 12 years. Mortgages in arrears—at least 90 days past due—have nearly doubled to the highest level in over 12 years. Meanwhile, their mortgage […]
Sweet, black gold is flowing again, just as Canada hits peak mortgage renewal season. BMO Capital Markets says the recent Hormuz Strait deal is pulling Government of Canada (GoC) bond yields lower, though fixed-rate borrowers may see little of it. The bank says variable rates still look like the better option. Bank of Canada, Government […]
Is it Canada’s cost of living or did its bet on diploma mills tarnish its academic reputation? Statistics Canada (StatCan) researchers crunched the numbers on the country’s foreign postdoctoral fellows—elite researchers working on temporary visas after earning their PhDs. The agency found that these workers earn significantly more than other categories of immigrants and provide […]
