And just like that, Canada’s shrinking population went the way of its technical recession—revised away. Statistics Canada (StatCan) data shows that the country’s population grew in Q3 2026. More importantly, the data includes the upward revisions we’ve been discussing for months. It turns out that the much-discussed population contraction plaguing the country didn’t exist. The […]
Remember when experts blamed Millennial home buying woes on avocado toast? Well, in Canada, Millennials now need help buying regular toast. Ditto with Gen Z, according to a new RBC survey. The bank found that most parents are providing some form of financial help to their adult children between the ages of 18 and 40. […]
Households are on a borrowing spree, but mortgages are no longer the weapon of choice. Statistics Canada (StatCan) data shows household credit hit a new high in July. Mortgages continue to represent the lion’s share of debt, but growth is slowing to one of the weakest levels in a generation. Meanwhile, consumer debt continues to […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Plan To Fix Housing? Just Change What Affordable Means Back in 2023, the CMHC said that building 3.5 million homes could restore 2004 levels of affordability by 2030. It reiterated the plan a year later, right before the country’s population growth […]
Canada’s building boom and slowing population growth finally pushed it closer to its affordability target. Just kidding. The Canada Mortgage and Housing Corporation‘s (CMHC) 2026 Housing Supply Report shows it was never a real target. Despite billions in subsidies and slower population growth, its estimated gap barely budged. The agency’s latest report pushes the target […]
Canada’s real estate recovery has barely begun but it already faces headwinds. Rising inflation and credit demand has the market now expecting 5 rate hikes. This morning, BMO Capital Markets told investors that 5 hikes seems a little much right now. However, the bank warned that rates will rise and mortgage relief for this cycle […]
Canadian real estate’s recovery hit pause last month—and maybe even rewound a bit. Canadian Real Estate Association (CREA) data shows that home prices slipped in August. Weak sales, sticky inventory, and economic uncertainty have led to the weakest demand balance in nearly 30 years. Canadian Real Estate Prices Fall For A Third Month The price […]
Canadian inflation didn’t get worse—unless you live in the majority of provinces. Statistics Canada (StatCan) data shows inflation stalled in August, with slowing gas prices helping to calm growth. While national growth stalled at the Bank of Canada’s critical upper threshold, that would be considered slow in most of the country. A provincial breakdown shows […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Rates Set To Rise As Lender Margins Collapse Canadian fixed-rate mortgages are set to surge as bond yields continue to rise. The Government of Canada bond yields jumped 15 basis points (bps) to 3.65% on Thursday, the highest since May […]
Government of Canada bond yields made an abrupt surge yesterday, extending a trend that kicked off in February. Despite the aggressive rise, mortgage rates haven’t climbed with them as expected. A Big Six bank says lenders are absorbing the shock and it’s not sustainable. They’re warning investors that mortgage rates will begin to climb soon, […]
