Canadian Real Estate Prices To Fall Even Further: Oxford Economics
Oxford Economics expects Canadian home prices to fall further as rising mortgage rates, weak hiring, and stretched valuations weigh on demand.
Canadian Mortgage Growth Slumps As Rate Hikes Threaten More Pressure
Canadian borrowing is losing steam just as interest rate hikes come back into focus. Bank of Canada (BoC) data shows mortgage credit posted its smallest August increase since 2013, pushing annual growth to a pace rarely seen outside housing corrections. With nearly a third of new mortgages carrying variable rates, renewed tightening could further throttle […]
Toronto New Home Sales Rise, But Remain Weak As Price Declines Accelerate
Greater Toronto Area (GTA) new home sales picked up in September, but the recovery remains shaky. BILD and Altus Group data shows sales rose 63.9% from last year, but they remain historically weak. The bigger story is prices—nearly a third of the single-family correction has occurred in the past 4 months. New condo prices have […]
Canadian Real Estate Needs More Immigration, Foreign Buyers: National Bank
Canadian real estate remains out of reach for young adults, but the show must go on. That’s the takeaway from a new housing report from National Bank of Canada. Slow home sales have led to a backlog of developer inventory, but billions in public bailouts are being used to support prices. National Bank urges policymakers […]
Canada’s Borrowing 2.2x Deficit, Payments To Hit 1 in 7 Dollars of Revenue: PBO
Is it a bird? A plane? No, it’s… the size of Canada’s debt servicing costs. The Parliamentary Budget Officer’s (PBO) latest Economic and Fiscal Outlook projects Ottawa will accumulate $333 billion in deficit spending over 5 years. However, the Government of Canada (GoC) will need to borrow nearly three-quarters of a trillion dollars. Debt servicing […]
Canadian Inflation Accelerates, Only 2 Provinces Below National CPI
The August Consumer Price Index (CPI) report breached the Bank of Canada (BoC) upper bound. Statistics Canada (StatCan) data shows CPI accelerated further in September. A regional breakdown reveals that only two provinces are below the national average. Headline growth is well above the BoC’s target rate, but some provinces have more than doubled that […]
This Week’s Top Stories: Canada’s 2008-Style Housing Crash, and Rising Borrowing Rates
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Housing Crash Rivals US In 2008, But The Pain Is Hidden: BMO The Canadian housing crash now rivals the US in 2008, with prices falling for nearly 5 years. However, unlike the US crash, Canada’s economy appears to have avoided most […]
Canadian Real Estate Spent 5 Years Wiping Out Just 13 Months of Gains
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 […]
Canadian Bond Yields & Borrowing Rates To Rise With US Inflation: BMO
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 […]
Canadians Plan To Buy First Home At 41, Property Ladder Breaks: RBC
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 […]
