Toronto real estate is showing encouraging data, but is it a return to normal or the “return to normal” bubble experts warn of? Toronto Regional Real Estate Board (TRREB) data shows home prices climbed in May. It was accompanied by a big jump in sales and a significant cut to inventory. As inspiring as these […]
Canadian banks aren’t just seeing delinquencies rise—they’re losing market share. Canadian Bankers Association (CBA) data shows the arrears rate was unchanged in March. Delinquent mortgages stalled at one of the highest levels in a decade, after doubling from 2022 lows. However, the big story last month was the drop in the number of mortgages held […]
The Canadian economy is officially in a technical recession, but at least one Big Six bank says we’re not there. At least, right now. Statistics Canada (StatCan) data shows real gross domestic product (GDP) fell in Q1 2026. BMO Capital Markets told investors the data will fuel a technical recession debate, but argued the R-bomb […]
Canadians aren’t exaggerating when they complain about this job market—hiring hasn’t been this weak in almost a decade. Statistics Canada (StatCan) data shows fewer job vacancies in March than last year. Those looking for employment face the weakest vacancy rate in nearly a decade, a red flag for the whole economy. Take This Job & […]
Canadian building investment is falling despite a wave of public incentives aimed at boosting construction. Statistics Canada (StatCan) data shows building investment fell sharply in March. Now at a 5-month low, building investment pulled back as residential construction investment fell for a third straight month. Non-residential investment moved higher, but it wasn’t the usual sign […]
Canadian policymakers have apparently offset any downward pressure from changing fundamentals. Canadian Real Estate Association (CREA) data shows the price of a typical home climbed in all but one province in April. Despite a major correction in the national numbers, the provincial Home Price Indexes (HPI) reveal that only two provinces have seen a major […]
Canadian households continue to rack up an epic amount of debt. Statistics Canada (StatCan) data shows household debt continued to climb in March. The record debt rivals the country’s whole output, placing a drag on growth. However, that wasn’t the biggest concern in the latest update—the concentration is. Despite a slow real estate market, households […]
Canadian consumers are getting crushed by their epic debt, and Ontario is ground zero. Office of the Superintendent of Bankruptcy (OSB) data shows consumer insolvencies in the province surged in March. Having outpaced national insolvency growth since 2019, it’s been capturing a larger share of total filings—and just saw the most monthly filings since 2010. […]
Canadians are suddenly facing one of the toughest job markets in months. Statistics Canada (StatCan) data shows the unemployment rate climbed to a 7-month high in April, but the real story is how the map is flipping. Traditional job engines like Ontario now rank among the worst in the country, while provinces long written off […]
Canada’s highly indebted households are starting to crack under the pressure. Office of the Superintendent of Bankruptcy (OSB) data shows insolvencies climbed in March. Now at a 17-year high for the month, the volume was only second to the 2009 financial crisis. What Are Consumer Insolvencies? Consumer insolvencies are formal filings with the OSB, made […]
