Canadian capital is heading south—literally. Real estate transaction dollar volumes fell in May, an ominous start to the year’s busiest season for homebuying, according to CREA. At the same time, Statistics Canada (Stat Can) data shows investors pumped a record amount into US stocks that month. While policymakers double down on real estate investment incentives, […]
The Great Canadian real estate price slowdown has been greatly exaggerated by a modeling skew. CREA data shows the composite benchmark price fell in June, furthering a double-digit correction for national home prices. The substantial correction is almost entirely due to prices falling in two of the country’s most expensive markets. The majority of Canada’s […]
Canada isn’t just seeing citizens flee in record volumes, capital is fleeing too. Statistics Canada (Stat Can) data shows a net outflow of $16.2 billion from securities in May, marking a fourth month of capital flight. Despite the TSX’s stellar recent performance, investors are reducing exposure and sending more capital abroad. Canada Saw $16 Billion […]
Canadian real estate prices have been resilient in recent years, but a fundamental indicator is flashing warning signs. Canadian Real Estate Association (CREA) data shows the sales-to-new listings ratio (SNLR) fell in June, indicating the weakest demand balance for the month since 1995. The indicator hasn’t eroded from peak to trough this quickly since the […]
Canada’s job market is improving despite warnings against slowing population growth. The unemployment rate fell in June, helped by tens of thousands of new jobs being added. This pushed the employment-to-population ratio to a 3-year high. A significant job deficit remains, but the economy may be on track—if policymakers avoid reverting to chasing short-term, non-productive […]
Toronto real estate is finding out it’s not invincible, after all. New Equifax data reveals Toronto CMA’s mortgage delinquency rate surged in Q1 2025. While rising delinquencies are a national story, this is very different from the normalization seen in other Canadian markets. Over the past few years, Toronto’s delinquency rate has more than tripled […]
Greater Vancouver real estate went from some of the world’s most coveted to historically weak demand in just a few years. REBGV data shows prices fell in June, as demand fell to the second weakest level in the past 25 years. At the same time, the region’s notoriously scarce inventory is no more—there are now […]
Canadian mortgage delinquencies continued to rise sharply in Q1 2025, according to Equifax. While the rate remains historically low, it’s climbing fast. The trend was driven largely by Toronto, where delinquencies have hit one of the highest levels in decades, even as other major markets remain well below the national average. Canadian Mortgage Delinquencies A […]
Canada’s fiscal picture is getting “cloudy,” warns BMO. The bank’s latest report flags ballooning spending, soft revenues, and trade war uncertainty as key risks facing the economy. BMO estimates the deficit could reach as high as $80 billion this year—far higher than official forecasts. A slower rollout of election promises might ease the blow, but […]
Greater Toronto’s real estate industry may be optimistic about “firming,” but buyers disagreed last month. TRREB data shows real estate prices made a sharp downtick in June, after months of waiting for the market to firm. Last month’s sales marked the weakest June sales in 25 years, and its highest inventory on record. The board’s […]
