Toronto’s entrepreneurial spirit is alive and well—but so is the region’s crushing reality. Statistics Canada (StatCan) data shows Toronto CMA saw the most April business openings in at least 11 years. At the same time, it also saw the second-most April business closures on record—only behind 2020. The combination has driven the number of active […]
Canada’s transition from a petro-currency to a mortgage-backed dollar no longer feels like a joke. While Statistics Canada (StatCan) data shows strong recent GDP growth, few realize where that expansion comes from. Oil and gas might capture the headlines, but in Q1 2026, nearly a quarter of growth came from owner-occupied GDP. More bluntly, Canada’s […]
Even more households are falling behind on their supersized mortgage payments. Canadian Bankers Association (CBA) data shows the mortgage arrears rate climbed in May. Mortgages at least 90 days past due have more than doubled since 2022, pushing the rate just shy of a decade high. New mortgage originations are also failing to offset outflows, […]
Halifax real estate prices may have slipped last month, but the province went the other direction. Nova Scotia Association of Realtors (NSAR) data shows home prices surged in June, making the second-largest monthly jump on record. Fewer sales and more listings have pushed the province’s demand balance to its weakest June since at least 2019. […]
The real estate industry is lowering expectations as dreams of a recovery fade fast. This month, both the Canadian Real Estate Association (CREA) and the CMHC revised their 2026 forecasts for existing-home sales and prices. Last year’s optimism over a market rebound is now meeting reality, with each organization having cut its 2026 forecasts a […]
Canada’s population decline may just be a distant memory after the data is updated. In June, Statistics Canada’s (StatCan) population estimate contained a stark warning that its data will see an unusually large revision. CIBC economists expect the revision will be large enough to reverse the reported declines and expose a new problem—Canada’s job numbers […]
Canadian real estate is falling faster than anywhere else in the G7, yet it remains one of the frothiest markets in the group. Bank for International Settlements (BIS) data shows real (inflation-adjusted) home prices dropped across all but two G7 countries in Q4 2025, the latest common quarter. Despite Canada’s sharp correction, it still lays […]
If Canadian real estate is in a correction, it forgot to tell buyers in most provinces. CREA data shows the price of a typical home fell nationally in June, even as most of its 9 provincial benchmarks climbed to new highs. In Atlantic Canada, two provinces even made 5-digit jumps over 30 days. You know? […]
Being Canadian-born isn’t the wealth advantage many assume, according to a new study. Statistics Canada (StatCan) researchers compared Canadian-born households with established immigrants who had lived in the country for at least 10 years. They found the immigrant group came out ahead across every wealth quartile, though the gap narrowed at the top. The difference […]
Did the bottom just fall out for the Greater Toronto real estate market? BILD GTA and Altus Group data shows new home sales across the region in June were double last year’s volume, but remain the second-weakest for the month on record. That almost seems like an insignificant detail in contrast to single-family homes plunging […]
