Canadians aren’t bouncing back from the pandemic’s hit to life satisfaction. Statistics Canada (StatCan) data show the average life satisfaction score slipped in Q2 2025, the first decline in more than a year. The recovery is stalling before it reaches pre-pandemic levels, and a provincial breakdown shows sharp divides in how people feel about their […]
Toronto’s real estate bubble just lost another key pillar: jobs. Statistics Canada (StatCan) data shows the Toronto CMA unemployment rate is nearing double-digits, with Mississauga and Brampton already well above 10%. What was once one of the country’s strongest job markets is now cracking—raising questions about short-term value and the long-term sustainability of a housing […]
Greater Toronto real estate’s recovery slipped beyond the horizon in August, despite a small bump in buyers. TRREB data shows a minor year-over-year increase in sales, but demand remains near historic lows and far from normalizing. At the same time, more sellers flooded the market, pushing inventory to a record high and forcing deeper price […]
Canadian real estate is even cooler than most realize. Since hitting a record high three years ago, real (inflation-adjusted) home prices have fallen sharply, according to data from the US Federal Reserve Bank of Dallas (Dallas Fed). Once thought an invincible and sure bet, Canadian real estate is in the middle of the second-largest price […]
Canada isn’t ready to use the R word to describe its economy, but the latest GDP data makes it hard to avoid. Statistics Canada (StatCan) reported the economy contracted in Q2, dragged down by falling exports and slumping business investment. What little growth remained came from residential real estate. The only reason GDP didn’t fall […]
Remote work may be billed as the future of work, but in Canada it’s in retreat. Statistics Canada (Stat Can) data shows 790,000 fewer remote workers since 2022, while 1.5 million more became daily commuters. Policymakers have driven the shift to prop up big-city downtowns—leaving households to pay the price in both time and money. […]
More Canadian real estate sellers are pulling listings, as market conditions loosen. Canadian Real Estate Association (CREA) data shows the share of canceled listings climbed in July, continuing an upward trend amid rising inventory. The elevated share of cancellations, combined with higher inventory, has pushed volumes to a record high. A wave of new completions […]
Canadian mortgage borrowing is suddenly surging, despite tepid home sales. Bank of Canada (BoC) data reveals uninsured mortgage originations rose to the second-highest June on record. Rapid credit growth typically signals rising confidence, but this spike likely reflects completions from the pre-construction boom during the pandemic-era low-rate frenzy. With near-record housing under construction, originations are […]
It always goes up—until it doesn’t. Once thought invincible, the Toronto condo market is in freefall and about to hit reality. Toronto CMA condo starts plunged further in July, and RBC economists see weak pre-construction sales pushing them even lower. The bank counters the claim that red tape is holding development back, instead attributing the […]
The kids are not alright, according to a new report from one of Canada’s Big Six banks. Statistics Canada (Stat Can) data shows the youth unemployment rate saw a sharp uptick in July, and has climbed to the highest level since 2010 (excluding pandemic). BMO notes that rising unemployment is typical in a recession, but […]
