Canada’s recent population boom seems like it’ll last forever, but reality may arrive soon. Government of Canada (GoC) data reveals a sharp drop in permanent resident applications in July. The direct impact on population growth is minor, since temporary residents drive growth. However, continuing to attract temporary residents will be difficult once they encounter the […]
One of Canada’s Big 3 mortgage insurers is no longer publicly sharing its underwater exposure. Canada Guaranty quietly dropped the value of mortgages with negative equity in its latest data, as first reported by the Globe. Is the private insurer, backstopped by taxpayers, hiding a public concern? Let’s take a quick dive into the issue, […]
Canada has seen a surge of study permits issued, a key part of its population growth strategy. Immigration, Refugees and Citizenship Canada (IRRC) data shows study permits, a.k.a. student visas, surged higher in Q2 2023. The surge isn’t just about population growth, but is also a part of a plan to help maintain its waning […]
The era of cheap debt might be over, and it can lead to a big shift for investors. That was the take from BMO Capital Markets, which took a dive into sell-off triggered by rising long-term yields. They found the rising yields aren’t due to rising inflation expectations, but rising real yields across the world. […]
Canada’s new housing minister has only been in office for a few days, and already stumbled. In a Bloomberg Interview, Minister Sean Fraser pledged to make housing more affordable without lowering prices. He reiterated the housing-is-an-investment mindset, before dropping suggestions that would reinforce higher prices. Great news for investors. Not fantastic if you pay taxes, […]
Do you recall other peak economic cycles? Think back to 2007, 2000, 1989… or further back if you remember them. Those were nothing compared to the current economic prosperity. Aside from last year, no other July has ever reported a smaller share of unemployed Canadians. It’s an employee’s economy, where they call the shots, and […]
Canada’s most prominent House Price Index (HPI) has received a change that could make it unreliable, warns a prominent firm. Oxford Economics is warning clients that the latest changes to the Canadian Real Estate Association (CREA) HPI makes it problematic. The latest change has led to a massive historical revision, minimizing growth over the past […]
Canada’s progress on crime is rolling back, and it may be a sign of eroding economic opportunity. Statistics Canada (Stat Can) data showed an increase in its Crime Severity Index for 2022. Both violent and non-violent crime is on the rise, with the odds of being a victim at 1 in 16. Especially of concern […]
Canada turned to millions of temporary residents to solve its coming demographic shift, but will it work? RBC Economics has released a new analysis discussing the country’s recent surge in temporary residents. These temporary residents are providing essential labor, helping to resolve the sudden shortages after pandemic stimulus. However, the programs need better targeting, as […]
Canadian households are about to be hit with a demand limiting factor—income. Household disposable income growth is failing to keep up with inflation according to StatCan data. Even worse, once adjusted for inflation and the country’s booming population growth, it paints a dreary picture as debt problems surface. Household Disposable Income Household disposable income is […]
