Canada’s banks just saw the first improvement in missed mortgage payments in nearly a year and a half. Canadian Bankers Association (CBA) data shows the mortgage arrears rate fell in June. While not much of a reduction, any signs of stabilization are welcome. Unfortunately, it’s not clear that is what’s actually happening here. The improvements […]
Earning a healthy, middle-class income? Good for you, but odds are slanted against you when it comes to ever owning a home in Canada these days. Statistics Canada’s Canadian Housing Statistics Program (CHSP) looked at first-time buyer incomes. The data shows that first-time buyers had much higher incomes than the median household. The problems extend […]
Canadian household debt is throwing out more concerning data points. Equifax data shows non-mortgage credit grew in Q2 2026—both balances and delinquencies. Ontario is leading the erosion, with missed payments rising at double the average. Meanwhile, New Brunswick is leading for credit growth, but it showed limited payment stress. There’s a good reason for this […]
Huzzah! Have you heard the good news? A Big Six bank has declared the bottom of Canada’s real estate markets. RBC announced the bottom of the market in its August update, turning the industry into messengers of the prophet on social media. It’s unclear why it’s caught steam this time around, as the bank first […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Research Warns Rate Cuts Can Worsen Housing Affordability Bank of Canada (BoC) researchers studied the impact of rate cuts on housing. They found that rate cuts boost buying immediately, with demand rising for up to 24 months. New supply […]
A new independent staff study from Canada’s central bank aims to help clarify the impact of low rates on housing. Bank of Canada (BoC) researchers found that supply and demand both get a boost with rate cuts. Demand responds almost immediately, but supply follows nearly two years later. If affordability is the goal, monetary policy […]
The Great Canadian Real Estate correction hasn’t actually corrected much in most of the country. Canadian Real Estate Association (CREA) data shows national prices fell in July, a trend that extended to most provinces. Even with most provinces seeing lower prices last month, the majority of home prices remain near their record high. Most of […]
The great Canadian borrowing binge continues, but it’s not for mortgages. At least, not entirely. Statistics Canada (StatCan) data shows household debt grew in June, but not as fast as usual. Mortgage credit is weighing down growth as it decelerates post-low rate boom. It’s consumer credit that’s booming, a trend the industry attributes to a […]
Canada’s real estate markets gave back some of the progress made earlier this year. Canadian Real Estate Association (CREA) data shows fewer home sales in July. Reduced activity combined with already lofty inventory levels to produce the sharpest monthly price drop year-to-date. Canadian Home Prices Make Sharpest Monthly Drop Since December Canadian residential real estate: […]
Rising prices are starting to push inflation to the boundary of the central bank’s comfort zone. Statistics Canada’s (StatCan) Consumer Price Index (CPI) shows growth accelerated in July. The upward pressure is primarily attributed to gas prices, but most components accelerated. The only thing keeping inflation in check is housing, apparently. Canadian Inflation Accelerates To […]
