Toronto’s entrepreneurial spirit is alive and well—but so is the region’s crushing reality. Statistics Canada (StatCan) data shows Toronto CMA saw the most April business openings in at least 11 years. At the same time, it also saw the second-most April business closures on record—only behind 2020. The combination has driven the number of active […]
Even more households are falling behind on their supersized mortgage payments. Canadian Bankers Association (CBA) data shows the mortgage arrears rate climbed in May. Mortgages at least 90 days past due have more than doubled since 2022, pushing the rate just shy of a decade high. New mortgage originations are also failing to offset outflows, […]
Halifax real estate prices may have slipped last month, but the province went the other direction. Nova Scotia Association of Realtors (NSAR) data shows home prices surged in June, making the second-largest monthly jump on record. Fewer sales and more listings have pushed the province’s demand balance to its weakest June since at least 2019. […]
The real estate industry is lowering expectations as dreams of a recovery fade fast. This month, both the Canadian Real Estate Association (CREA) and the CMHC revised their 2026 forecasts for existing-home sales and prices. Last year’s optimism over a market rebound is now meeting reality, with each organization having cut its 2026 forecasts a […]
Canada’s population decline may just be a distant memory after the data is updated. In June, Statistics Canada’s (StatCan) population estimate contained a stark warning that its data will see an unusually large revision. CIBC economists expect the revision will be large enough to reverse the reported declines and expose a new problem—Canada’s job numbers […]
If Canadian real estate is in a correction, it forgot to tell buyers in most provinces. CREA data shows the price of a typical home fell nationally in June, even as most of its 9 provincial benchmarks climbed to new highs. In Atlantic Canada, two provinces even made 5-digit jumps over 30 days. You know? […]
Canadian households are still borrowing at an elevated pace, but it’s not for housing this time. Statistics Canada (StatCan) data shows household credit climbed in May, growing at its fastest pace in well over a year. Despite mortgages representing the majority of debt, the segment continued to slow after a premature cycle peak. Consumer credit […]
Canadian inflation is slowing, but those living outside Ottawa’s models may struggle to feel relief. Statistics Canada’s (StatCan) latest Consumer Price Index (CPI) shows growth decelerated in June, largely due to gasoline and shelter. In reality, gas prices remain more than 20% higher than last year, while shelter’s slowdown is driven by modelled ownership costs—not […]
Canada’s building boom is slowing, but still very much alive–even without population growth. Canada Mortgage and Housing Corporation (CMHC) data shows housing starts slipped in June. BMO Capital Markets wrote to investors, explaining volumes of new housing aren’t a concern. However, they note Canada is building a “nation of rentals,” as most new units will […]
The Canadian real estate market’s holding pattern continued last month. Canadian Real Estate Association (CREA) data shows sales climbed in June. The mild climb leaves sales where they were during the initial months of the crash, but with a lot more inventory. Canadian Home Prices Make First Downward Move In 5 Months The price of […]
