Canada is rolling out new policies to help its highly indebted households support soft demand for new housing. Earlier today, the Government of Canada (GoC) announced new measures to increase the amount of capital used to buy new homes. New home sales have been weak at these prices, and rather than letting prices fall, it […]
Think lower rates are the path to affordable housing? The US Federal Reserve (the Fed) believes you may have been grossly misinformed on that narrative. New research from the Dallas branch the Fed tackles the impact of interest rates on housing affordability. They warn the common belief that lower rates improve affordability is based on […]
Canada continues to hit record smashing growth numbers. Statistics Canada (Stat Can) data shows the 2023 population growth was the largest in more than a half-century. Virtually all population growth is now immigration, with most being “temporary” residents. Upcoming policy changes to limit future immigration is likely to have a very big effect on further […]
One of Canada’s top bankers is concerned about a new crisis—a lack of productivity. In a speech delivered in Halifax this morning, Bank of Canada (BoC) Senior Deputy Governor Carolyn Rogers took aim at the country’s stagnating productivity. She warned the issue has caused Canada to fall behind and become less competitive than its economic […]
If you’ve ever thought that using a payday loan to pay off a credit card was a good idea, you’re about to be all kinds of impressed. The Government of Canada (GoC) has begun buying billions in Canada Mortgage Bonds (CMBs), in a last ditch effort to stimulate more borrowing. The planned purchases are equivalent […]
Canada is facing a number of destabilizing forces—like climate change, disinformation, and young adults never owning a home. That’s the take from an internal RCMP report called the Whole-Of-Government Five-Year Trends For Canada. The report is a “scanning exercise” on evolving risks for law enforcement to monitor. It puts the fact that many people under […]
Canadians were warned about building a housing-based economy, now they’re approaching a lost decade. National Bank of Canada Financial (NBF) recently wrote to institutions to warn the country’s productivity is stagnating. As a result, so is the quality of life as real gross domestic product (GDP) remains at the same level it was 7 years […]
Toronto’s population boom has led to rapid growth of its talent pool—but can they find work? Statistics Canada (Stat Can) data shows Toronto’s unemployment rate rose significantly faster than the national rate in February. The city’s unemployed population has grown to hundreds of thousands of people, with annual growth rising 11x the rate of its […]
What does Canada have in common with two of the world’s most restrictive regimes? The state of its population’s mental health. Sapien Labs has released its fourth annual Mental State of the World rankings, and things are stagnating. Post-pandemic, English speaking countries saw their score dive. Initially researchers believed this would be a temporary phase, […]
Ontario may have been locked down, but a company connected to the province’s top politician was busy at work. In December 2020, CoStar reported a company connected to Premier Doug Ford sold 85 Vulcan St., an industrial property in West Toronto. The deal didn’t gain any media attention outside of the commercial real estate platform, […]
