Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Adds 42k Workers, 1 In 5 “Long-Term” Unemployed Canada’s economy hasn’t lost many jobs, but it isn’t making many either. That’s a big problem when the country’s population is growing at one of the most rapid rates ever. Unemployment climbed […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Surges For Young Adults & Recent Immigrants Canada went from a shortage of workers to a surplus driving unemployment in just a few months. In 2022, Canada ramped up immigration with the idea it would fill rising job vacancies. Since […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Weakness Is Mostly Just Ontario & Nova Scotia Canadian home prices fell according to the national index, but it may not tell the whole story. About three-quarters of markets across the country actually saw home prices rise. If excluding […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Delinquencies Rise 24%, Ontario Hits $1 Billion: Equifax Canada’s credit bubble may finally be reaching its crescendo. Credit rating agency Equifax notes the national mortgage delinquency rate is lower than Q1 2020. However, more expensive regions like BC and Ontario […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Still Climbing As Population Outpaces Jobs 3x Canada’s economy continues to add jobs, but not nearly enough for its population growth. The latest data shows employment grew 0.1% (+27k jobs) to 20.5 million jobs in May. At the same time, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Prices “Need” To Be High To Pay For Retirements: PM Canadian Prime Minister Justin Trudeau just said the quiet part out loud. In a recent interview, the country’s head of government stated that he wants affordability to improve, but prices […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Bank Regulator Sees Mortgage Defaults Rising, 1 In 7 Of Concern Canada’s bank regulator is warning that mortgage debt is one of the biggest risks to the country. OSFI released its annual risk outlook and mortgage credit was one of the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Capital Gains Change Targets Boomers More Than The Rich Canada’s Budget 2024 includes measures sold as a way to target the rich, but that may not be the case. The budget proposes raising the capital gains inclusion by 50%, with the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bubble Contagion? Eastern Canada Home Prices Retain The Frothiest Growth Canadian real estate prices surged after rate cuts in 2020, and began correcting after rate hikes in 2022. Eastern Canada, where home prices saw the sharpest growth, didn’t follow the same trajectory […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Agency Bizarrely Forecasts Record Home Prices & Weak Economy Canada’s economy is heading for a downturn, so prepare for record home prices. That was the message from the CMHC, the country’s national housing agency and state-owned mortgage insurance provider. Their […]
