Canadian real estate prices slid further, spending almost 5 years to wipe out just 13 months of gains. Canadian Real Estate Association (CREA) data shows home sales fell further in September. Falling demand and lofty inventory left the weakest September demand balance since 1994. Canadian Home Prices Have Spent Nearly 5 Years Wiping Out 13 […]
The cross-border flow of goods is slow, but Canada’s imports of American inflation are ramping up. Government of Canada (GoC) short-term bond yields have climbed sharply since February. Gas prices were behind the initial surge, but yields are still climbing after gas stalled. A new report from BMO Capital Markets attributes the continued rise to […]
Canada’s housing ladder isn’t just hard to get on—nearly half of owners can’t afford to get off the first rung. RBC’s 2026 Home Ownership Poll looked at home buying expectations and financial constraints. The poll shows first-time buyers are getting older, and fewer owners can afford to upgrade. Meanwhile, the Bank of Mom and Dad […]
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 […]
