Canada’s central bank raised its key policy rate as it tries to tame rising inflation. The Bank of Canada (BoC) hiked its overnight rate 25 basis points to 2.5% this morning, its first hike in over 3 years. In the accompanying report, the BoC warns of elevated inflation into mid-2028. Higher input and financing costs […]
Canada’s real estate correction has largely been concentrated in one province, but that may change soon. Canadian Real Estate Association (CREA) data shows prices fell in September. All but one province moved lower, with BC going from resilient to leading the way lower in the past year. Other provinces, some of which hit record highs […]
Canadian borrowing is losing steam just as interest rate hikes come back into focus. Bank of Canada (BoC) data shows mortgage credit posted its smallest August increase since 2013, pushing annual growth to a pace rarely seen outside housing corrections. With nearly a third of new mortgages carrying variable rates, renewed tightening could further throttle […]
Housing in Vancouver avoided a major correction like Toronto, but it may be running out of luck. Greater Vancouver Realtors (GVREB) data shows sales climbed in June, and inventory pulled back. Both moves are signs of tightening, but with prices slipping and inventory at some of the highest levels the month has seen, the market […]
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 […]
