Canada’s housing rut continues as a wave of unprecedented seller activity hits the market. Canadian Real Estate Association (CREA) data shows the price of a typical home fell to a multi-year low in October. Despite lower interest rates and rising buyer incentives, sales fell short, reversing the progress made last year toward a recovery. Meanwhile, […]
Canadian consumer insolvencies are surging to levels not seen since the financial crisis, despite stronger employment. The Office of the Superintendent of Bankruptcy (OSB) just reported the highest September filings since 2009, countering any recent signs of improvement. If anything, the trend appears to be just getting started. Canadian Insolvencies Surge To Highest Level Since […]
Canada’s growth engine has long been small businesses, but the country is all in on large firms. BMO Capital Markets warns that while large firms make up only a small share of total employment, they’ve accounted for virtually all job gains in 2025. The bank cautions that this imbalance is amplifying downturn risks and could […]
Canada’s odds of recession remain above 1 in 3, according to the Bank of Canada’s (BoC) Market Participants Survey (MPS) for Q3 2025. The survey of banks, asset managers, and investment firms shows markets still expect a downturn within 6 months—and optimism is eroding even among the most upbeat respondents. Markets Give 1 In 3 […]
Canada’s job market showed surprising growth last month, according to Statistics Canada (StatCan). The agency’s latest Labour Force Survey (LFS) shows employment climbed sharply in October, marking a second consecutive month of growth. Employment was so strong that multiple jobholders surged, and seniors—who typically face hurdles to new employment—represented over 1 in 3 workers who […]
Vancouver real estate prices have been resilient, but they may have just run out of luck. Data from Greater Vancouver Realtors (GVR), formerly the REBGV, shows prices made a sharp drop in October. A market known for scarce inventory has seen a sudden influx of listings amid weak sales, pushing inventory to one of the […]
Greater Toronto real estate shattered hopes of a turnaround. Toronto Regional Real Estate Board (TRREB) data shows home prices fell for a fifth consecutive month in October, hitting the lowest level in over four years. At the same time, weak demand and a surge of sellers pushed inventory to a record high. Toronto Real Estate […]
Canadians earned less last year—but not across the board. New taxfiler data from Statistics Canada (StatCan) shows the country’s top earners barely budged in 2023, even as most earners saw their income eroded by inflation. But the real insight isn’t who made the most—it’s how they made it. As poorly targeted policies continue to penalize […]
Canada’s banks aren’t worried about mortgage arrears—but should they be? The arrears rate climbed again in August, according to the Canadian Bankers Association (CBA), which represents the country’s largest lenders. Investors have brushed off the rise as a return to normal after record lows. What they may not realize is that the late 1980s also […]
Canada’s private-sector business environment is worse than headline data suggests. Statistics Canada (StatCan) data shows active businesses were little changed in July, but a closer look reveals the economy has seen big changes. Active business growth is increasingly concentrated in sectors dependent on public spending. The headline data has obscured reality, masking a sharp erosion […]
