Canadians are among the most indebted in the world, but managed to avoid signs of stress—until now. Office of the Superintendent of Bankruptcy (OSB) data shows insolvencies surged in April. Filings for the month just hit the second-highest level on record, driven by consumers. About Today’s Data Today we’re looking at total insolvencies, both consumer […]
Ottawa is boasting of fiscal anchors, but the latest stress test is about to give taxpayers that sinking feeling. This morning, the Parliamentary Budget Officer (PBO) released its 2026 Economic and Fiscal Outlook, reviewing Ottawa’s fiscal projections and the probability of meeting them. The non-partisan agency found the federal plan stands up on paper, but […]
Canadian real estate went from a speculative asset with global demand to a glut in just a few years. Canada Mortgage and Housing Corporation (CMHC) data shows completed and unabsorbed inventory rose in April. Builders are now sitting on the most completed and unsold new homes in the country’s history—and there’s a lot more supply […]
Canada was told that more supply would fix its housing crisis. Now that it’s here, it clearly wasn’t buyers clamouring for that supply—not at these prices, anyway. Canadian Real Estate Association (CREA) data shows prices climbed slightly in April. However, the mild increase wasn’t due to rising sales or tightening inventory. Instead, the move looks […]
Vancouver real estate is known for excess, but that’s usually not in reference to inventory. Greater Vancouver Realtors (GVREB) data shows prices nearly hit a 5-year low in April. The market was lucky enough to avoid a Toronto-style correction until this point. However, weak demand and soaring inventory are sending a warning that its luck […]
Canada’s building boom is slowing, but not in the country’s biggest markets—with a big exception. Canada Mortgage and Housing Corporation (CMHC) data shows new housing starts fell in March. Despite the drop, two of the three largest markets saw an uptick in building activity. The exception was Canada’s most expensive market, where completed and unsold […]
Official data tells a story of cooling inflation and strong wage growth, but consumers aren’t buying it. TransUnion’s latest Consumer Pulse survey finds most Canadians say they did better than expected in Q4 2025, but the mood is turning fast. Near-term optimism is sliding, while more households see their finances eroding this year. The credit […]
After more than 3 years of moving sideways, Canadian home prices picked a direction—down. Canadian Real Estate Association (CREA) data shows sales fell in January, with the trade industry attributing it to winter storms. Sellers didn’t seem to mind the storms either, continuing to brave the conditions to hold open houses, like the gosh darn […]
Home prices in Vancouver have resisted the sharp downturn seen in Toronto, but that may be changing fast. Greater Vancouver Real Estate Board (GVREB) data shows prices made a sharp drop in January, with losses accelerating in recent months. A combination of weak demand and multi-year highs for inventory—and a new construction glut—signals more downward […]
Most Canadian real estate markets have resisted the national price decline—but that resilience is cracking. Canadian Real Estate Association (CREA) data shows the price of a typical home fell in December, with only PEI and Quebec posting gains. While most of the downward pressure has been concentrated in Ontario and BC, Nova Scotia abruptly posted […]
