Canadian mortgage borrowers waiting on the central bank may be disappointed by its latest move. The Bank of Canada (BoC) cut its overnight rate by 0.25 points to 2.75% on Tuesday. Many professionals applauded the decision, believing it would improve mortgage affordability. Unfortunately, that may not be the case, as the decision boosted inflation expectations […]
The Canadian economy has outperformed the central bank’s expectations for months now. That didn’t stop the Bank of Canada (BoC) from slashing the overnight rate by 0.25 points to 2.75% this morning. Since this easing cycle began 9 months ago, the key policy rate has been reduced by 2.25 points, making it one of the […]
Canada’s next leader hasn’t officially assumed the role, but he’s already looking to stimulate real estate. Last week, Vancouver’s “Condo King” Bob Rennie revealed that he is working with newly-minted LPC leader Mark Carney. The two are considering a plan that would see the country’s state-owned mortgage insurer use taxpayer resources to attract foreign investment […]
Canada’s sharp policy turns have dramatically impacted the quality of life. Statistics Canada (Stat Can) data reveals that most people are highly satisfied with life and that share was rising in Q4 2024… but only for seniors 65 and older. The general sentiment in the country continued to erode, especially amongst the critical demographics of […]
Greater Toronto real estate’s bad year ended even worse. Altus Group data showed Greater Toronto Area (GTA) developers saw demand slip further in December, as new home buyer incentives failed to stimulate new demand. As a result, the market accumulated the most year-end inventory in nearly a decade—nearly 2.5x the amount available in 2021’s tight […]
Canada’s economy is booming… or not. Depends on whether you’re in economics or finance—or in academia or looking for a job. Statistics Canada (Stat Can) seasonally adjusted data shows the country added tens of thousands of jobs in January, pushing the unemployment rate lower. Unadjusted data tells a very different story, with the country adding […]
Canada’s national housing agency just published its latest piece of fan fiction. Canada Mortgage and Housing Corporation (CMHC) has released its 2025 Housing Outlook, the agency’s forecast of various risk scenarios. The agency’s worst case scenario includes American tariffs delivering a devastating economic blow. The agency somehow sees this producing higher home prices, an immigration […]
Canadians are packing up for greener pastures, and that doesn’t mean Toronto to Calgary. Statistics Canada (Stat Can) data for Q3 2024 shows a sharp uptick for emigration, the process of residents leaving to settle permanently in another country. The third quarter is typically big, but this one was one of the largest in years. […]
Gravy & cheese curds. Tegan & Sara. Denim & denim…there’s only one iconic duo that trumps those to Canadains, and it’s the tightly integrated economies of Canada and the US. Like all bromances, this relationship is going through a bit of a rough patch, with the new American administration threatening to impose 25% tariffs on […]
Canada’s newfound reputation as a money laundering hub hasn’t motivated much action. FINTRAC, Canada’s anti-money laundering watchdog, announced only administrative monetary penalties for real estate firms in 2024. All of the firms were located in Toronto and Vancouver, and appear to be entirely over minor compliance issues. Considering the agency took up to 3 years […]
