Canada’s economy is booming, as long as you ignore the actual data and upcoming revisions. Statistics Canada’s (StatCan) latest Labour Force Survey (LFS) shows seasonally adjusted employment climbed by 75,000 jobs in July. The unseasoned reality was a little less savoury, showing a 6-digit decline in the same month, along with rising unemployment. The picture […]
Canada’s transition from a petro-currency to a mortgage-backed dollar no longer feels like a joke. While Statistics Canada (StatCan) data shows strong recent GDP growth, few realize where that expansion comes from. Oil and gas might capture the headlines, but in Q1 2026, nearly a quarter of growth came from owner-occupied GDP. More bluntly, Canada’s […]
Canadian real estate is falling faster than anywhere else in the G7, yet it remains one of the frothiest markets in the group. Bank for International Settlements (BIS) data shows real (inflation-adjusted) home prices dropped across all but two G7 countries in Q4 2025, the latest common quarter. Despite Canada’s sharp correction, it still lays […]
Being Canadian-born isn’t the wealth advantage many assume, according to a new study. Statistics Canada (StatCan) researchers compared Canadian-born households with established immigrants who had lived in the country for at least 10 years. They found the immigrant group came out ahead across every wealth quartile, though the gap narrowed at the top. The difference […]
Did the bottom just fall out for the Greater Toronto real estate market? BILD GTA and Altus Group data shows new home sales across the region in June were double last year’s volume, but remain the second-weakest for the month on record. That almost seems like an insignificant detail in contrast to single-family homes plunging […]
Canada’s central bank is bullish on housing investment—though its latest report makes it unclear why. The Bank of Canada (BoC) surprised no one by leaving its overnight rate unchanged, but the accompanying Monetary Policy Report (MPR) did suggest residential investment will pick up. The BoC didn’t support that claim, but instead cited a number of […]
Ontario residents aren’t just fleeing to other provinces in record numbers—the province is driving them abroad. Statistics Canada (StatCan) data shows nearly half of the record outflow of Canadians was from Ontario in Q1 2026. That’s on top of the record departure of non-permanent residents from the province. Canadians Are Leaving Ontario To Move Abroad […]
Canadian employment beat market expectations last month, easing recession fears. Statistics Canada (StatCan) employment shows the country added jobs in June. The unemployment rate also fell to a multi-month low, but a look past the headline reveals a dimmer picture. Outside a recession, Canada has never seen annual employment growth this weak in June. Canadian […]
Large institutional investors are an almost insignificant share of Canadian housing. That was the takeaway from a new Statistics Canada (StatCan) report examining the influence of institutional ownership of rentals in 2022. Even more shocking is the agency just discovered that Canadian real estate is the most perfectly competitive market in the world. All they […]
Canadian real estate prices made the sharpest climb in history. Bank for International Settlements (BIS) data shows it’s following with the sharpest drop. Home prices fell further in Q1 2026, with inflation doing even more damage. Inflation-adjusted home prices are now back to 2016 levels, and may go even lower. Canadian Home Prices Now In […]
