Canadians are stuck between a rock and a hard place, most likely CSA G40.21 (steel joke, sorry). To protect domestic producers, policymakers slapped tariffs on steel imports last year—and went nuclear with counter tariffs when the U.S. declared a trade war. The result? Collateral damage for industries like real estate, where higher input costs are […]
Canadian interest in U.S. migration faded after the Great Recession—that’s reversing fast. In 2023, Canadians granted permanent residency hit a multi-year high, according to the U.S. Department of Homeland Security’s (DHS) latest data. It’s easy to dismiss the data as lagging the narrative of rising hostilities, but that’s unwise. Canadians kicked off 2025 by permanently […]
Canada’s building sector just added more fuel to inflation. Statistics Canada (Stat Can) data shows construction costs grew sharply in Q2, with quarterly growth now running at twice the central bank’s target inflation rate. The accelerating price growth is a new inflationary headwind, with the agency attributing it to counter tariffs and a lack of […]
Canada’s sluggish real estate market isn’t getting a break anytime soon. A new BMO report warns there’s no mortgage rate relief on the horizon, with some rates set to rise. Meanwhile, home prices remain sticky and out of reach, pricing out many end users. The bank sees little chance of real estate markets picking up […]
Canadian capital is heading south—literally. Real estate transaction dollar volumes fell in May, an ominous start to the year’s busiest season for homebuying, according to CREA. At the same time, Statistics Canada (Stat Can) data shows investors pumped a record amount into US stocks that month. While policymakers double down on real estate investment incentives, […]
The Great Canadian real estate price slowdown has been greatly exaggerated by a modeling skew. CREA data shows the composite benchmark price fell in June, furthering a double-digit correction for national home prices. The substantial correction is almost entirely due to prices falling in two of the country’s most expensive markets. The majority of Canada’s […]
Canada’s slow real estate market is finally beginning to impact condo apartment prices. CREA data shows its condo apartment house price index (HPI) fell in June. Despite weak demand and rising inventory, prices have outperformed—falling less than the general market. That appears to be changing as price drops get larger, and the rut turns into […]
Canadian housing starts are soaring—even as demand crashes, especially in major markets. CMHC data shows new home starts climbed in June, hitting one of the highest levels in years. That may seem like a shift in market confidence, but BMO is warning it’s anything but. Developers are pivoting into rentals as homebuyers retreat, with a […]
Canada isn’t just seeing citizens flee in record volumes, capital is fleeing too. Statistics Canada (Stat Can) data shows a net outflow of $16.2 billion from securities in May, marking a fourth month of capital flight. Despite the TSX’s stellar recent performance, investors are reducing exposure and sending more capital abroad. Canada Saw $16 Billion […]
Canadian real estate prices have been resilient in recent years, but a fundamental indicator is flashing warning signs. Canadian Real Estate Association (CREA) data shows the sales-to-new listings ratio (SNLR) fell in June, indicating the weakest demand balance for the month since 1995. The indicator hasn’t eroded from peak to trough this quickly since the […]
