Canadians might be ready to shed their reputation as real estate obsessed investors. A new survey from financial comparison site HelloSafe found real estate is now the second highest preference for investors. After home prices made record gains, young and old respondents now prefer stocks as their favorite investment vehicle for building wealth. That can […]
Canadian real estate profits have taken a nosedive like no other major industry in the country. Statistics Canada (Stat Can) data shows corporate profit margins in Q1 2024 were within historical ranges. A notable exception is real estate, which is now significantly below its usual range of profits—though they still remain higher than all but […]
Canada’s booming population isn’t enough to save its eroding business environment. Statistics Canada (Stat Can) data shows business growth continued to slow in February, despite the rapidly escalating population. Even more business owners are deciding to shutter their doors as unemployment rises and incentives to operate continue to fade. Canada Is Seeing Very Slow Business […]
Canada was warned its mortgage credit addiction is turning into a risk for its economy. Now the call is coming from inside the house. Well, for the house… maybe. The Office of the Superintendent of Financial Institution (OSFI) released its Annual Risk Outlook (ARO) for 2024/2025, outlining its big 4 concerns, which will set its […]
Canadians fleeing major cities was supposed to be a temporary trend, but it’s accelerating at a breakneck speed. Net interprovincial migration, the balance of people who arrived and left provinces, accelerated in 2023. Economists at BMO are warning this trend was unusually strong in the country’s traditional economic hubs—Toronto, Vancouver, and Montreal. The bank attributes […]
Canadian real estate investors expecting lower rates aren’t the only ones who got good news yesterday. Statistics Canada (Stat Can) data shows the rent component of the Consumer Price Index (CPI) slowed sharply in April. In a research note to investors, BMO explained the monthly move wasn’t the only data point to indicate a slowdown […]
Canada’s largest provincial economy is unlikely to be the driver of an economic boom any time soon. The Financial Accountability Office (FAO) of Ontario released its economic and budget outlook for 2024, and it was not very rosy. The non-partisan government agency, tasked with providing the public with independent analysis and forecasts of the economy, […]
Canadian real estate prices are starting to perk up after a mild correction, but still have a ways to go. Canadian Real Estate Association (CREA) data shows the price of a composite benchmark, or typical, home climbed in April. However, the mild increase wasn’t as notable as the continued sideways trend of home prices. Buyers […]
The Canadian economy surprised with huge job gains last week. Statistics Canada (Stat Can) data shows tens-of-thousands of jobs were added in April. Despite a near-record gain, BMO warned investors the market isn’t as healthy as it sounds. Canada’s booming population growth meant the job gains failed to meet minimum requirements. As a result, the […]
The flight from Toronto office space was supposed to be temporary, but it doesn’t look that way. Global commercial real estate giant Avison Young data shows Greater Toronto offices hit a new record vacancy rate in Q1 2024. Even more space is available to rent, as more tenants look to shed the pricey rentals through […]
