This Week’s Top Stories: Canadians Are Leaving In Record Numbers, and Canada May Avoid Recession

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Economy Contracted Modestly. Can It Avoid Recession? The Canadian economy kicked off spring with an unexpected contraction, as monthly GDP fell 0.1% in April—below the market consensus for growth. An upward revision to the previous month’s data left output roughly in […]

This Week’s Top Stories: Canadian Home Prices Climbed 7x Faster Than Income, & Ontario Unemployment Surges

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Ontario Unemployment Hits Recession Levels, Driven By Excess Labour: BMO Ontario’s unemployment rate hit 7.9% in May, nearly a point above the national average—a rare level outside of a recession. What’s unusual is the province hasn’t been losing jobs; it’s been adding […]

This Week’s Top Stories: Canadian Real Estate Downturn Intensifies, & Mortgage Debt Rips Higher

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Household Debt Grew 2x Faster Than 2019, Driven By Mortgages Canadian households may have trade jitters, but that isn’t stopping them from borrowing. Household debt climbed 0.2% (+$6.2 billion) to reach $3.04 trillion in February—double 2019’s growth rate. Mortgage credit drove […]

This Week’s Top Stories: Canadian Mortgage Impairments Surge, & Toronto’s 90s Bubble-Style Meltdown

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Impairments Surge: Homeowner Or Investor Trouble? Canadian mortgage impairments are surging. New Bank of Canada (BoC) data shows mortgage impairment in Q1 2025 climbed 65% since 2022, despite the best job market in history occurring in the middle of this […]