Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Delinquencies Just Made A Rare, Historic Jump Canadian banks are experiencing a sudden and abrupt climb in mortgage delinquencies—again. Banks reported the arrears rate climbed 1 basis point to 0.26% in December, the highest since June 2020. However, the key […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Exit Holding Pattern, Dive Towards Hard Landing Since the initial plunge in 2022, existing home prices have moved sideways, waiting for the market to make up its mind. It appears it has, with prices moving lower—shedding 0.4% in […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Long-Term Unemployment At ’90s Levels, 6 Months To Find A Job Canadians may want to put aside more savings, just in case of job market disruption. Nearly 1.5 million people were unemployed in January, while job vacancies continue to grind lower. […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Explains Toronto Condos, Describes A Ponzi Scheme Canada’s central bank tried to explain Toronto’s condo market, and accidentally described a Ponzi. New home sales fell to just 1,599 units, the weakest since the early 1990s real estate crash. Meanwhile, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Growth 23% Smaller Than BoC Forecast Just 2 Days Ago Canada’s economy is shrinking, according to the latest data from Statistics Canada. Real GDP was flat in November, following a 0.3% drop in October. As a result, the agency expects […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Are Leaving In Record Numbers, Most Are Prime-Aged Workers Emigration, permanent residents or citizens leaving, reached a record high in 2025. A demographic breakdown reveals it’s even worse than it sounds, as most are prime-aged workers aged 25 to 49. Being […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Back To 2017 Levels After Inflation: BMO Inflation has been chipping away at Canadian real estate prices, warns BMO. The bank notes prices rolled back to 2021 in nominal terms, but inflation puts prices back to 2017 levels. […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Jobless Count Soars by 73k, Second-Worst Spike Since 2020 Canada’s job market just wiped out months of progress. The unemployment rate jumped 0.3 points to 6.8% in December, a 4-month high. It works out to 73.0k more unemployed people, the second-biggest […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Hit A 5-Year High, Banks Shrink Books Canadian banks saw mortgage arrears hit a five-year high, but that isn’t their only problem. CBA data reveals the mortgage arrears rate climbed to 0.25% in October. At the same time, banks […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Affordability Improves, Still Near 90s Peak: RBC RBC data shows housing affordability has improved for a seventh straight quarter. The bank estimates a median household needs to spend 53.2% of its disposable income on ownership costs in Q3. If that […]
