Greater Toronto’s rental shortage is now a distant memory, but the rents have yet to adjust. Urbanation data reveals the Greater Toronto and Hamilton Area (GTHA) has seen a sharp uptick in rental vacancies in Q1 2026. The sticker price of rents hasn’t moved much, but incentives are growing as landlords position the slump as […]
Canadian mortgage delinquencies are rising. As reported last week, the latest CBA arrears rate hit 0.28% in February, double the record lows over the past 4 years. It hasn’t surprised many, especially those in the industry who have been sounding the alarm. However, most will be surprised to learn who’s falling behind—especially regulators. Mortgage Delinquencies […]
Canadian wages are growing faster than usual, but they’re failing to keep up with household spending. Statistics Canada (StatCan) data reveals household credit is once again outpacing wage growth, suggesting households are borrowing what their wages won’t provide. The growing gap raises questions about the sustainability of repaying a household debt load that now rivals […]
Ontario real estate developers are raising prices despite facing some of the weakest demand on record. The reason? The Government of Ontario’s expanded Harmonized Sales Tax (HST) relief. The thinly veiled bailout is already undermining policymaker narratives few believed, with experts warning the “savings” are being rolled into higher new home prices. Ontario’s Latest Builder […]
Canada’s population is shrinking for the first time since Confederation, but not all provinces are shrinking. Statistics Canada’s (StatCan) Q1 2026 population estimates show a 0.25% decline (-103.5k people) to 41.47 million, with most of the drop coming from Ontario. Meanwhile, Alberta is the sole province growing—a divergence shaped by tighter immigration policy hitting some […]
Canadians said goodbye to lower gas prices and hello to higher inflation last month, as the Iran War shocks global oil markets. Gas prices made the sharpest surge on record in March, according to BMO Capital Markets. The bank warns this will drive the Consumer Price Index (CPI) much higher, even before considering the spillover […]
Canadian economic output was set to slow down, but the country showed surprising growth in January, according to Statistics Canada (StatCan). Real gross domestic product (GDP) beat analyst expectations with minor growth, avoiding a “technical recession,” though economists warn the impact of higher energy prices due to the Iran war has yet to be determined. […]
Ontario just announced a bailout program, selling it as a housing affordability measure. The province launched a $1.3 billion public-private partnership to buy stagnating developer inventory across Greater Toronto to convert into rentals. The plan clearly helps over-leveraged developers more than it helps with affordability. While intended to drum up investment, it may backfire by […]
Canada’s banks may have to take on a new side hustle—involuntary real estate liquidator. Preliminary Q1 2026 OSFI filings reveal explosive growth in uninsured mortgage net impairment amounts, funds that lenders recover by seizing and selling homes. This figure has surged 150% just as real estate values have plunged, leaving questions regarding how much can […]
In the Canadian financial system, mortgage fraud is considered especially tolerable. For Canada’s banks, there’s a dedicated regulator who investigates violations of the Bank Act known as the Office of the Superintendent of Financial Institutions (OSFI). These are their stories. Dun dun. Just kidding. But OSFI, Canada’s banking watchdog, isn’t. While the regulator has been […]
