Canada’s building boom is slowing, but still very much alive–even without population growth. Canada Mortgage and Housing Corporation (CMHC) data shows housing starts slipped in June. BMO Capital Markets wrote to investors, explaining volumes of new housing aren’t a concern. However, they note Canada is building a “nation of rentals,” as most new units will […]
Canada’s central bank is bullish on housing investment—though its latest report makes it unclear why. The Bank of Canada (BoC) surprised no one by leaving its overnight rate unchanged, but the accompanying Monetary Policy Report (MPR) did suggest residential investment will pick up. The BoC didn’t support that claim, but instead cited a number of […]
The Canadian real estate market’s holding pattern continued last month. Canadian Real Estate Association (CREA) data shows sales climbed in June. The mild climb leaves sales where they were during the initial months of the crash, but with a lot more inventory. Canadian Home Prices Make First Downward Move In 5 Months The price of […]
Ontario residents aren’t just fleeing to other provinces in record numbers—the province is driving them abroad. Statistics Canada (StatCan) data shows nearly half of the record outflow of Canadians was from Ontario in Q1 2026. That’s on top of the record departure of non-permanent residents from the province. Canadians Are Leaving Ontario To Move Abroad […]
Canada’s economy looked like it was booming. Then slower immigration made it difficult to maintain that illusion. Economists at BMO Capital Markets challenged the narrative that population growth fuels economic growth. Looking at over 50 years of data, the bank warned investors there’s zero correlation between population and economic growth. The manufactured boom briefly provided […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Correction Is Now The Largest In History The Canadian real estate correction is now the largest in history, according to BIS data. Data from the organization known as the “central bank for central banks” shows Canadian home prices have […]
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 […]
