Canada’s job market entered choppy waters last month, and the impact from tariffs have yet to be felt. Statistics Canada (Stat Can) data shows employment fell in March, with job losses concentrated in private sector employment. Unemployment has already been tracking significantly higher than pre-2020. However, fewer jobs and more people experiencing long-term unemployment boosted […]
Greater Toronto real estate just had its slowest start to the Spring market in more than a decade. Toronto Regional Real Estate Board (TRREB) data shows the typical home (composite benchmark) saw prices fall further in March. Last month saw a sharp decline in home sales, printing the weakest demand for the month in well-over […]
Greater Vancouver real estate only has a handful of buyers, but they’re bidding up prices for some reason. Greater Vancouver Realtors (GVR), formerly REBGV, shows home prices made a substantial jump in March. The increase occurred despite it being one of the weakest months for demand in decades, and the most well-supplied market in recent […]
Just a few years ago, Canada was scrambling to fill a record volume of vacant jobs. Now it’s struggling to cope with the volume of excess workers. Statistics Canada (Stat Can) data shows companies added more workers to their payrolls in January. However, job vacancies fell to the lowest level since 2017, making it the […]
Canada’s economy is making progress but the average worker is in a rut. A new report from the National Bank of Canada (NBF) explains to investors that the economy is doing much better than most anticipated. Unfortunately, that’s going to be short-lived as economic anxiety takes control of households. Consequently, they see up to 190k […]
Canadian households are anxious about the economy, despite the parade of above-normal expectations. The Conference Board’s Consumer Confidence Index plunged to a new record low in March. Economists at BMO wrote to investors explaining its no surprise with the trade war compounding cost of living pains. They also don’t see any improvements on the horizon. […]
One of Canada’s largest banks is sounding the alarm on excessive easing at the wrong time. The Bank of Canada (BoC) slashed its key policy rate earlier this month, despite warning of rising inflation approaching its tolerance. A new report from Scotiabank outlines how the central bank has been disregarding rising inflation data, and rushing […]
Canada’s population just had its slowest quarter since people were physically restricted from moving here. Statistics Canada (Stat Can) data shows a sharp slowdown for population growth estimates in Q1 2025. The slowdown is intentional as the country walks back recent growth that saw non-permanent residents represent 1 in 14 people in the country, double […]
Canadian home price growth continues to accelerate despite further demand erosion. Canadian Real Estate Association (CREA) data shows home prices jumped in February. The increase was accompanied by sales making the sharpest drop in years—easing inventory pressures even further. That’s not how this traditionally works. Canadian Real Estate Prices Made Sizable Gains Last Month The […]
Canadian household debt has been showing big improvements. A combination of rate hikes that slowed borrowing, and recent rate cuts are delivering repayment relief. Before popping that bottle of HELOC-finance champagne, this may be the calm before the storm, warns BMO. Several economic headwinds, primarily the trade war, are set to hit households. The central […]
