Canadian employment beat market expectations last month, easing recession fears. Statistics Canada (StatCan) employment shows the country added jobs in June. The unemployment rate also fell to a multi-month low, but a look past the headline reveals a dimmer picture. Outside a recession, Canada has never seen annual employment growth this weak in June. Canadian […]
Canadian consumer insolvencies are rising fast, but nowhere are they rising quite like in Ontario. Office of the Superintendent of Bankruptcy Canada (OSB) filings rose in May. They’re rising so fast that Ontario just saw its second-highest number of May filings on record, only behind the 2009 Global Financial Crisis. Ontario Consumer Insolvencies Hit Second-Highest […]
Large institutional investors are an almost insignificant share of Canadian housing. That was the takeaway from a new Statistics Canada (StatCan) report examining the influence of institutional ownership of rentals in 2022. Even more shocking is the agency just discovered that Canadian real estate is the most perfectly competitive market in the world. All they […]
Canadian insolvency filings improved last year, but that progress is rolling back. Office of the Superintendent of Bankruptcy Canada (OSB) data shows insolvency filings climbed in May. Both consumer and business insolvencies are on the rise once again, and they’re both at historically elevated levels. Canadian Insolvency Filings Hit 4th-Highest May On Record Canadian total […]
Canadian real estate prices made the sharpest climb in history. Bank for International Settlements (BIS) data shows it’s following with the sharpest drop. Home prices fell further in Q1 2026, with inflation doing even more damage. Inflation-adjusted home prices are now back to 2016 levels, and may go even lower. Canadian Home Prices Now In […]
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 […]
