Canadian real estate demand remains too weak to prevent further declines, but it’s improving. Canadian Real Estate Association (CREA) data shows the composite benchmark (typical) home fell in September. Over the past two years, prices have largely moved sideways as market uncertainty persists. However, price drops were smaller last month, implying the potential for a […]
Canadian inflation is being tamed rapidly, sparking fears that the economy will cool and require stimulus soon. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth fell sharply in September. The slowdown was primarily the result of gasoline, with inflation showing little progress when excluded. However, experts still see this clearing […]
Canadian banks have been considered mostly risk-free for a long time, but every streak ends. A former Canadian banking regulator urges the country’s policymakers to prepare for that day while it still can. In a new report from CD Howe, a former OSFI manager urges the country to modernize its banking crisis response and adopt […]
Remember when Canada announced it would establish a Minister of Middle Class Prosperity, only to eliminate the role a few months later? It perfectly foreshadowed the roller coaster the Middle Class is on, according to the latest data on income inequality. Statistics Canada (Stat Can) data released today shows the disposable income gap between Canada’s […]
Canadian real estate demand has been so weak that developers are struggling to stay afloat. Naturally, the Government of Canada (GoC) sees this as the perfect time get households to take their shot at playing developer with state-backed loans. This week the GoC announced homeowners looking to turn an “unused basement or garage” into a […]
Canadian real estate markets have yet to see that expected boost from falling rates. Only a handful of markets have already reported September data, but RBC warns the trend continues to show new inventory outpacing sales. Rising inventory and sluggish sales are combining to fuel a downtrend. Despite cheaper credit and lower prices, buyers still […]
Canada’s economy is slowing, and there are concerns that slowing population growth may amplify the issue. A new analysis from BMO shows no historical evidence to support a short—or medium-term correlation between real GDP and population growth. The bank pulled over 30 years of data and found the opposite—real GDP and population growth move in […]
Canada’s international student boom went from success to liability over just a few years. Policymakers that promoted the growth are now suddenly passing blame, presenting it as an overwhelming surprise. It turns out the growth was the intended outcome of a $148 million plan, including a new brand jointly owned and operated by the Federal, […]
The Greater Toronto real estate rut continued last month. Toronto Regional Real Estate Board (TRREB) data shows the price of a typical home fell once again in September. Despite a mild improvement in sales, inventory climbed much faster helping to apply further downward pressure on prices. The benchmark is now within spitting distance of prices […]
Canadian real estate is increasingly being scooped up by investors, and incentives play a large role. That was the take in the latest report from the Canadian Housing Statistics Program (CHSP) at Statistics Canada (Stat Can). The agency’s latest numbers show that up to 85% of condo apartments in Ontario’s ten largest census metropolitan areas […]
