The Ontario real estate downturn is expected to worsen. Mortgage arrears in the province are approaching 2008 levels, according to the CMHC. The risk is even further amplified in Greater Toronto, especially with private lenders. The agency warns Ontario’s sharpest and most persistent surge in arrears will persist through mid-2027. Ontario’s Real Estate Boom and […]
Canada’s real estate industry often argues the central bank should ignore shelter inflation and keep rates low to boost supply. A new Bank of Canada (BoC) staff paper tests both claims, and neither holds up as a blanket rule. The researchers find that ignoring shelter inflation during a demand-driven boom is destabilizing to the economy […]
Canadian real estate remains out of reach for young adults, but the show must go on. That’s the takeaway from a new housing report from National Bank of Canada. Slow home sales have led to a backlog of developer inventory, but billions in public bailouts are being used to support prices. National Bank urges policymakers […]
Is it a bird? A plane? No, it’s… the size of Canada’s debt servicing costs. The Parliamentary Budget Officer’s (PBO) latest Economic and Fiscal Outlook projects Ottawa will accumulate $333 billion in deficit spending over 5 years. However, the Government of Canada (GoC) will need to borrow nearly three-quarters of a trillion dollars. Debt servicing […]
The cross-border flow of goods is slow, but Canada’s imports of American inflation are ramping up. Government of Canada (GoC) short-term bond yields have climbed sharply since February. Gas prices were behind the initial surge, but yields are still climbing after gas stalled. A new report from BMO Capital Markets attributes the continued rise to […]
Canadian home prices climbed for the first time in a little over a year, according to Bank for International Settlements (BIS) Q2 data. Adjust for inflation, however, and the brief gain disappears. Real home prices fell further, reaching their lowest level in nearly a decade—but that doesn’t mean buyers are finding 2016-era affordability. Canadian Home […]
Canadian households may not acknowledge it publicly, but they’re falling behind. Bank of Canada (BoC) research shows incomes beat inflation from 2020 to 2025. But the researcher warns there’s a catch, as the average often cited by policymakers is an average. Most households didn’t beat inflation, and are now racking up debt every year to […]
And just like that, Canada’s shrinking population went the way of its technical recession—revised away. Statistics Canada (StatCan) data shows that the country’s population grew in Q3 2026. More importantly, the data includes the upward revisions we’ve been discussing for months. It turns out that the much-discussed population contraction plaguing the country didn’t exist. The […]
Remember when experts blamed Millennial home buying woes on avocado toast? Well, in Canada, Millennials now need help buying regular toast. Ditto with Gen Z, according to a new RBC survey. The bank found that most parents are providing some form of financial help to their adult children between the ages of 18 and 40. […]
Canada’s building boom and slowing population growth finally pushed it closer to its affordability target. Just kidding. The Canada Mortgage and Housing Corporation‘s (CMHC) 2026 Housing Supply Report shows it was never a real target. Despite billions in subsidies and slower population growth, its estimated gap barely budged. The agency’s latest report pushes the target […]
