The bill for Canada’s housing bubble is finally landing, and many can’t afford to pay it. TransUnion credit data shows consumer credit is expanding aggressively in Q2 2026. The growth isn’t due to confidence-inspired borrowing, but existing borrowers looking to offset their rising cost of living. The result is rising mortgage delinquencies for those who […]
The Canadian economy is doing better than many had anticipated, but it’s far from a strong economy. Statistics Canada’s (StatCan) Survey on Business Conditions shows strong optimism in Q3. However, that optimism isn’t driven by growth in sales or operations, but the hope that things won’t get worse. Canadian Businesses Are Optimistic, But Few Expect […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Bubble: First-Time Buyers Need To Be Among Top Earners First-time home buyers need to be among the wealthiest households in Canada. That’s the take from new Statistics Canada (StatCan) data revealing their income. The agency’s data reveals these buyers […]
Canada’s economy rebounded last quarter, but will it last? Statistics Canada’s (StatCan) Gross domestic product (GDP) data shows growth in June. That helped Q2 close out with much higher growth than anticipated, a sharp change from Q1. However, the bump was due to temporary events, leaving questions whether it will persist to Q3. Canadian GDP […]
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 […]
