Canadian real estate showed minor improvement in August but remains far from normal. Existing home sales rose slightly, according to data from the Canadian Real Estate Association (CREA). However, the increase wasn’t enough to offset a record number of new listings, helping drive the sharpest monthly price drop in over a year. Canadian Real Estate […]
Canada’s real estate market finally got some good news—cheaper financing may be coming. The Bank of Canada (BoC) will cut rates three times before the traditionally busy Spring real estate market, according to a report from BMO Capital Markets. The recent labour market erosion has the market fully pricing in the first cut within the […]
Canada’s economy just keeps taking hits—the latest is this morning’s job report. The unemployment rate climbed sharply in August, according to Statistics Canada’s Labour Force Survey. What was once a demographic issue is now a demand problem. Real job losses are materializing, and they’re not limited to trade-exposed sectors. The data points to a deeper […]
The Canadian economy was cruising smoothly until this year, but its landing is now looking choppy. National Bank of Canada (NBF) economists are warning investors that the economy slipped into excess supply in Q2. The Big Six bank sees this problem continuing into Q3 with job creation drying up, GDP contracting, and investment fleeing into […]
Canada is bleeding capital at the fastest rate since the Financial Crisis. Statistics Canada’s (Stat Can) latest data shows foreign investors pulled billions from the country in Q2, with domestic investors joining the exodus. This goes beyond tariffs—the sheer scale and pace of outflows point to deeper structural cracks and fading confidence in the country’s […]
Canadian mortgage borrowing is improving, but don’t mistake it for a rebound. Bank of Canada (BoC) data shows household mortgage credit grew in June—marking the third consecutive month of acceleration. Growth is slow and steady, but it still resembles a recession more than a recovery. Canadian Mortgage Debt Hits $2.3 Trillion, But A Recovery Still […]
Canadian headline inflation came down sharply but that doesn’t tell the full story. Statistics Canada data shows the headline consumer price index (CPI) climbed 1.7% year-over-year (YoY) in July, down from 1.9% in June. The deceleration was almost entirely due to gas prices, leading to a modeling skew. A deeper dive into the numbers reveals […]
Canadian condo apartments are sliding after dodging much of the housing correction. Canadian Real Estate Association (CREA) data shows benchmark condo prices fell for a fourth straight month in July, marking the start of a second wave of losses. Canadian Condo Apartment Prices Fall To A 4-Year Low Canadian benchmark condo: The price of a […]
Canadian real estate markets showed a minor sign of improvement—but it may just be noise. Canadian Real Estate Association (CREA) data shows composite home sales improved in July, hitting a 4-year high for the month. Despite rising sales, a wall of inventory helped to push prices down sharply last month. Home prices fell to the […]
Canada’s largest bank is the latest to forecast falling real estate prices next year. Despite sales improving, RBC is forecasting further price declines next year—with the impact amplified in Toronto and Vancouver. The bank warned rising sales won’t be enough to counter rising supply, a lack of affordability and immigration transforming from a tailwind to […]
