Canadian insolvency filings improved last year, but that progress is rolling back. Office of the Superintendent of Bankruptcy Canada (OSB) data shows insolvency filings climbed in May. Both consumer and business insolvencies are on the rise once again, and they’re both at historically elevated levels. Canadian Insolvency Filings Hit 4th-Highest May On Record Canadian total […]
Toronto real estate is seeing slow signs of improvement—very slow signs. Toronto Regional Real Estate Board (TRREB) data shows sales climbed in June, while inventory slipped. Despite the firmer market, prices moved lower as the region still saw one of the weakest Junes on record. Toronto Real Estate Prices Resume Declines After Climbing 4 Months […]
Canadian real estate is the most affordable it’s been in years, but it’s far from normal. The RBC Housing Affordability Measures (HAM) shows things improved in Q1 2026, marking the most attainable level in the past 4 years. The catch? Even with the improved affordability, conditions are equal to the 90s real estate bubble. RBC […]
Canadian economic output rebounded sharply after spending a month in negative territory. Statistics Canada (StatCan) data shows gross domestic product (GDP) ripped higher in April. The surge wasn’t a sign of an economy back to healthy growth though, as temporary factors and public sector spending was behind most of the boost. Canadian GDP Rebounded In […]
Canada’s latest payroll data may be less encouraging than it sounds, confirming inflation stress. Statistics Canada’s (StatCan) Survey of Employment, Payrolls and Hours (SEPH) shows jobs rose sharply in April—and revised March from a steep loss into a gain. BMO warns the details are less flattering—the gains appear driven by workers taking on extra jobs, […]
Canadian mortgage debt has seen explosive growth return, but banks aren’t seeing the benefit. Canadian Bankers Association (CBA) data shows the arrears rate in April was the highest for the month in 12 years. Mortgages in arrears—at least 90 days past due—have nearly doubled to the highest level in over 12 years. Meanwhile, their mortgage […]
Sweet, black gold is flowing again, just as Canada hits peak mortgage renewal season. BMO Capital Markets says the recent Hormuz Strait deal is pulling Government of Canada (GoC) bond yields lower, though fixed-rate borrowers may see little of it. The bank says variable rates still look like the better option. Bank of Canada, Government […]
What housing slump? Canadian Real Estate Association (CREA) data shows prices in all but one province climbed in May. The national index tells a different story. A gap between the headline number and what’s actually happening across most of the country, deserves a much closer look. Canadian Real Estate Prices Are Moving Higher The price […]
Canada’s population continues to catch its breath after record growth it’s trying to tame. Statistics Canada’s (StatCan) latest population estimates show the population declined for a third consecutive quarter in Q2 2026. After record growth, the country is now shrinking at its fastest pace. However, that pullback is still just a drop in the bucket […]
Canada’s housing slump is officially over—in the opinion of a small share of buyers, apparently. The rest of Canada? Nah. Canadian Real Estate Association (CREA) data shows home prices climbed in May. Sales and new listings both fell, delivering a slightly tighter market than last year. However, the demand balance remains at a level not […]
