The Government of Canada is aggressively reducing its workforce, but it should consider the environment it helped create. It’s taking workers much longer to find a job, according to January data from Statistics Canada (StatCan)—which was also just directed to slash 1 in 10 of its own jobs. The share of workers now considered long-term […]
Toronto real estate demand faces a new headwind—a shrinking population. Statistics Canada (StatCan) estimates the population of the Toronto CMA contracted in 2025, marking the only non-pandemic contraction in the region’s history. Young adults are fleeing to other provinces (or countries), leaving fewer families behind. The result is a stark demographic flip, where 1 in […]
Canada’s central bank just told business leaders to prepare for economic pain that will outlast most of them. Bank of Canada (BoC) Governor Tiff Macklem declared the country’s old economy dead last Wednesday in Toronto, warning of “painful” and permanent restructuring that will take decades. He’s advocating for big gambles he admits may not work, […]
Nova Scotia real estate went from one of Canada’s fastest booms to one of its sharpest corrections. Naturally, the Government of Nova Scotia (GNS) is now scrambling to launch a new First-Time Homebuyers Program (FTHP). The scheme aims to let new buyers into the market with as little as 2% down, with the province absorbing […]
Canada is losing jobs, but don’t worry—it needs less of them. That was the general takeaway from Statistics Canada (StatCan) this morning. Despite the agency reporting fewer jobs in January, the headline unemployment rate fell as fewer job seekers were in the market. Before bragging about how great the economy is, it’s worth understanding the […]
Canada’s largest real estate market runs on speculation, not housing demand. That’s the core message from the Bank of Canada’s (BoC) latest report, outlining the mechanics of a Ponzi scheme, without dropping the P-bomb. They warn that falling investor returns, driven by higher interest rates, now threaten builder models, suggesting these homes aren’t viable as […]
Canada’s economy stumbled in November, with Statistics Canada (StatCan) data showing flat growth. Not much of a drag, but enough that it shaves nearly a quarter of the growth the Bank of Canada forecast just a few days ago. For national data, that’s not noise—it’s a massive gap, and the most likely explanation raises more […]
The Canadian economy is doing better than expected, and things will slow but be fine. That’s the takeaway one gets reading the summary of the Bank of Canada’s (BoC) January Monetary Policy Report (MPR). However, a dive into the full 44-page report reveals that narrative is a statistical mirage, supported by contradictory data points the […]
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 […]
