Global household debt is falling, but Canada is bucking the trend—and it’s not good news. The Institute of International Finance’s (IIF) latest update shows global household debt-to-GDP fell in Q3 2025, continuing a general trend since the financial crisis. BMO Capital Markets warns Canada is one of the few exceptions, with its households now the […]
Canada’s population slowdown hasn’t trimmed home prices nearly as much as rumoured. Canadian Real Estate Association (CREA) data shows the national benchmark is down sharply, but only two provinces have seen real corrections as of August. The other eight hit all-time highs within the past year—six of them in the past quarter. Are these markets […]
Canada’s facing a trade war with its largest partner, and it may send interest rates plunging. BMO Capital Markets wrote to investors after the first round of tariffs were announced this weekend. The bank now expects rates to be slashed much more aggressively, trimming another point off the bottom for overnight rates. The plunge would […]
Canadian household debt is back, but a little different this time. Statistics Canada (Stat Can) data shows households owed more than $3 trillion in September, a new record high. Both mortgage and consumer credit growth accelerated, the latter at a faster pace. An unusual trend that indicates households are gobbling up credit, but less of […]
Highly indebted Canadian households are seeking a lot more creditor relief than usual. Office of the Superintendent of Bankruptcy (OSB) data shows insolvency filings made a big uptick in September. It was actually such a big uptick that it came in as the third-worst September in at least 40 years. It’s a general trend that’s […]
Canada’s bank regulator is getting ahead of any rate cuts with new limits on leverage. The Office of the Superintendent of Financial Institutions (OSFI) has notified lenders to prepare for a new loan to income (LTI) rule. The new rule will limit federally regulated financial institutions (FRFIs) mortgage portfolios to a multiple of the income […]
Greater Toronto real estate prices are suddenly back to correcting, despite a mini-boom. Toronto Regional Real Estate Board (TRREB) data shows home prices fell in July. Rising interest rates are the first thought, but home sales are still climbing. Home buyers just aren’t able to keep up with sellers—new listings are climbing much faster than […]
Canadian first time home buyers are 36 years old on average. That means they won’t have that starter condo paid off by the time they retire, according to recent bank reports. Four of the Big Five banks reported a large share of their portfolio had amortizations longer than 30 years in Q2 2023. Most of […]
It’s almost spring, and you know what that means? That’s right! Tracking the annual migration of the world’s richest people! 82,000 High Net-Worth Individuals (HNWI) migrated in 2016, and a new report from New World Wealth tells us where they’re moving too, where they’re moving from, and some of the reasons why. Where Are They […]
Hong Kong based investors have created a newly formed joint venture to purchase Vancouver’s historic Hotel Georgia, here’s the details.
