One of Canada’s largest provinces is looking to not just slow study permit growth, but reverse it. The Government of Quebec recently tabled legislation to seek greater control of the circumstances in which study permits are issued. This comes as a part of a larger strategy from the region’s policymakers to take on a more […]
Canadian banks have been considered mostly risk-free for a long time, but every streak ends. A former Canadian banking regulator urges the country’s policymakers to prepare for that day while it still can. In a new report from CD Howe, a former OSFI manager urges the country to modernize its banking crisis response and adopt […]
Remember when Canada announced it would establish a Minister of Middle Class Prosperity, only to eliminate the role a few months later? It perfectly foreshadowed the roller coaster the Middle Class is on, according to the latest data on income inequality. Statistics Canada (Stat Can) data released today shows the disposable income gap between Canada’s […]
Canadian real estate demand has been so weak that developers are struggling to stay afloat. Naturally, the Government of Canada (GoC) sees this as the perfect time get households to take their shot at playing developer with state-backed loans. This week the GoC announced homeowners looking to turn an “unused basement or garage” into a […]
Canada’s international student boom went from success to liability over just a few years. Policymakers that promoted the growth are now suddenly passing blame, presenting it as an overwhelming surprise. It turns out the growth was the intended outcome of a $148 million plan, including a new brand jointly owned and operated by the Federal, […]
Canadian real estate is increasingly being scooped up by investors, and incentives play a large role. That was the take in the latest report from the Canadian Housing Statistics Program (CHSP) at Statistics Canada (Stat Can). The agency’s latest numbers show that up to 85% of condo apartments in Ontario’s ten largest census metropolitan areas […]
Toronto real estate has once again assumed its natural position as one of the biggest bubbles in the world, according to a Swiss banking giant. UBS released its 2024 Global Bubble Index, an annual scorecard of the riskiest real estate markets in the world. Toronto climbed into 5th place, but managed to lower its risk […]
Canadian real estate may have slowed for the average person, but not for flippers. The share of homes purchased and sold in less than 12 months remained largely unchanged in Q2 2024. In fact, the share of sellers that managed to flip their property within a few months is just off record highs. It’s getting […]
Canadian real estate investors may struggle, but their death has been greatly exaggerated. Bank of Canada (BoC) data shows investors represented a record share of home purchases in Q1 2024, according to credit file data. Moral hazard (and a buttload of stimulus) appear to have eased investor concerns and boosted demand from the segment. The […]
Canada has long defended its generous immigration policy, but has recently reversed course. Many assume this is temporary pandering that will soon loosen, but the odds are slanted towards further tightening. US Customs and Border Protection (CBP) data shows the country has stopped over 1,200 terror suspects on their “Watchlist” attempting to cross from Canada […]
