Canada’s housing crash is close to rivalling the early 2000s crash in the US. In contrast, Canada seems relatively unscathed, despite being a smaller economy that’s more dependent on housing. BMO’s chief economist notes the country is better positioned to avoid a financial crisis, but its pain avoidance is partly an illusion—hidden by Canada’s aggressive […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Lost 110,000 Jobs Over Two Months, Wiping Out 2026 Gains The narrative of Canada’s resilient job market has flipped in just two months. Employment fell by roughly 70,000 jobs in September, totaling a drop of 110,000 since August. The two-month slump […]
Canada’s job market continues to stumble, erasing any gains made year-to-date. Statistics Canada’s (StatCan) September Labour Force Survey (LFS) shows a sharp drop in employment. Public sector workers and young adults carried virtually all of the pain. Canada Lost 110,000 Jobs In Just Two Months Source: StatCan; Oxford Economics. The agency reported that seasonally adjusted […]
Canadian rents continue to fall but a lack of demand hasn’t been the driver. Rentals.ca and Urbanation data shows asking rents fell in September. This marked a 24th straight month of declines, mostly in condo apartments. However, more than half the drop within the past two years was due to shrinking unit size. Canadian Rents […]
Greater Vancouver didn’t see the housing correction Toronto did, but it’s unclear if that was just a delay. Greater Vancouver REALTORS (GVREB) data shows sales fell in September. Combined with elevated inventory, weaker sales pushed prices to a 5-year low. Greater Vancouver Home Prices Fall To A 5-Year Low The price of a typical home […]
Greater Toronto’s real estate recovery experienced another setback last month. Toronto Regional Real Estate Board (TRREB) data shows home sales pulled back in September. Falling sales met with historically lofty inventory, helping to push home prices to a 6-year low. Toronto Home Prices Fall To 6-Year Low The composite benchmark price of a home across […]
Canadians just made the largest migration across provinces in 3 years. Statistics Canada (StatCan) data shows 116,832 residents in Q2 2026 made an interprovincial migration, the most since 2023. The numbers reveal Alberta continues to be the top spot in the country for people looking for a new province. Meanwhile in Ontario, the mass exodus […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Prices Back To 2016 Levels After Inflation, Still Out of Reach Canadian home prices rose—just not in real (inflation-adjusted) terms. BIS data shows home prices in Canada rose 0.78% in Q2 2026, the first increase in a year—though they remain […]
Canada’s major international student shift hit schools hard, but not enrollment totals. Postsecondary enrollment hit a new high in 2024/2025, according to Statistics Canada (StatCan) data. International enrollment made its sharpest drop in over 30 years, as widely expected. However, a surge in domestic enrollment almost entirely offset the drop. Canadian Postsecondary Enrollment Growth Is […]
Rental prices in Canada have been driven by more than just population growth. A new Bank of Canada (BoC) research paper breaks down the factors that can explain the recent surge in 1 bedroom rents from 2020 to 2026. They found that financing costs made a big contribution to higher rents, especially when rates began […]
