Canadian real estate developers are sitting on a record pile of unsold new homes. CMHC data shows completed and unsold new homes hit a record in December, a rare sight in a country where most units are sold pre-construction. Even more surprising is that half of these vacant new homes are in Toronto and Vancouver, […]
Canadian real estate investment is suddenly booming again—but it’s not what it looks like. Statistics Canada (StatCan) data shows investment in building construction hit a record high in November, driven almost entirely by residential projects. Look closer, and the surge narrows fast—growth is concentrated in Ontario multi-family construction. These aren’t condos, but they’re largely corporate […]
It wasn’t just a pandemic blip—more Canadians are leaving the country for good. Statistics Canada (StatCan) data show emigration, when citizens or permanent residents move abroad, hit a new record in 2025. More than half of the emigration is driven by workers aged 25 to 49, while a rapidly growing share of seniors joining them […]
The Great Canadian migration to small towns wasn’t just a pandemic blip—it’s just getting started. Statistics Canada (StatCan) just released its 2025 urban (CMA) population estimates, and it reveals urbanization has stalled for the first time in decades. This isn’t just slower population growth—urban residents and new immigrants are increasingly avoiding Canada’s largest, most expensive […]
Canada’s immigration slump is deepening—but not evenly, according to Immigration, Refugees and Citizenship Canada (IRCC). Finalized applications for temporary residents had the weakest October since the pandemic. It’s been a persistent trend over the past year, as the country throttles certain segments. While this has impacted most of the traditional sources, the declines haven’t been […]
Research from the central bank for central banks shows government debt is pushing its limits. The Bank for International Settlements (BIS) latest quarterly review reveals sovereign debt is now so abundant that it’s eroding the discount they once enjoyed. The scale is so large it’s distorting credit markets and mispricing corporate risks while quietly inflating […]
Canadian GDP just hit reverse, a move that conflicts with the quarterly boom at first sight. Statistics Canada (StatCan) data shows GDP fell sharply in October—enough to erase months of gains. The reversal leaves the economy with the broadest erosion of industry since the pandemic, and it’s not just a blip. Canada’s economy is undergoing […]
Canada’s first population decline is being blamed on temporary residents leaving, but that overlooks a deeper structural issue: a record outflow of citizens too. Statistics Canada (StatCan) data shows emigration, the act of citizens or permanent residents relocating abroad, surged in Q3 2025. The unusual record outflow over the past year has only seen anything […]
Canada’s population is doing something rare—it’s shrinking, and that’s not necessarily bad. Statistics Canada’s (StatCan) quarterly population estimate fell sharply in Q3 2025, led by a drop in non-permanent residents. The quarterly contraction helped push Canada into uncharted territory, with annual growth now at a record low. Canadian Population Estimates Fell By More Than 76k […]
The Canadian real estate industry may focus on rate decisions, but the mortgage industry is watching bond markets. The Government of Canada’s (GoC) 5-year bond yield—a key benchmark for fixed-rate mortgages—has surged in recent weeks, pushing borrowing costs higher instead of providing relief. The move reflects rapid market repricing, driven by stronger economic data and […]
