Canada’s non-partisan numbers watchdog expects policymakers to hit their immigration goal… sort of. A new report from the Parliamentary Budget Officer (PBO) shows Ottawa will hit its temporary resident reduction target. The analysis also reveals it’s being met by delaying implementation and reclassifying 148,000 temporary residents. The latest update presents a plan that prioritizes the […]
Canada is seeing its total active business count hold firm, but a dramatic recomp is happening. Statistics Canada (StatCan) data shows active businesses climbed in November, even if it was a minor advance. Looking past the headline data, there are a few more problems that may not be obvious at first—such as the reliance on […]
Official data tells a story of cooling inflation and strong wage growth, but consumers aren’t buying it. TransUnion’s latest Consumer Pulse survey finds most Canadians say they did better than expected in Q4 2025, but the mood is turning fast. Near-term optimism is sliding, while more households see their finances eroding this year. The credit […]
Following one of the weakest years on record, Toronto developers just had the worst start to a year ever.BILD GTA and Altus Group data show Greater Toronto new home sales slipped lower in January, making it the weakest on record. The pullback in inventory was met with an even larger drop in sales, leaving the […]
Canada’s largest housing markets just added another entry to their growing list of warning signs. New CMHC and TransUnion data shows mortgage delinquency rates in Toronto and Vancouver climbed in Q3 2025. Vancouver’s rate has more than doubled from its 2022 record low, though it remains below the national level. Toronto wishes its rate only […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Exit Holding Pattern, Dive Towards Hard Landing Since the initial plunge in 2022, existing home prices have moved sideways, waiting for the market to make up its mind. It appears it has, with prices moving lower—shedding 0.4% in […]
Home prices moved lower at the national level, but that reality isn’t aligned with buyers in most provinces. Canadian Real Estate Association (CREA) data shows the price of a typical home fell in January, but most provinces saw prices rise. The decline has been largely confined to BC and Ontario, where weak sales and robust […]
Canadian real estate prices have come down, but this level still isn’t working for anyone. CIBC Economics wrote to investors this week, explaining prices have come down considerably, improving affordability. More affordable isn’t the same as affordable though, with demand nearly collapsing. The bank warns that housing starts have been misleading, reflecting past demand—not current. […]
After more than 3 years of moving sideways, Canadian home prices picked a direction—down. Canadian Real Estate Association (CREA) data shows sales fell in January, with the trade industry attributing it to winter storms. Sellers didn’t seem to mind the storms either, continuing to brave the conditions to hold open houses, like the gosh darn […]
Canadian inflation is slowing, but most households are unlikely to be feeling that relief. Statistics Canada’s (StatCan) Consumer Price Index (CPI) decelerated in January, fueling speculation that rate cuts may be on the horizon. A closer look reveals the entire deceleration can be accounted for by just mobile phone plans. Not because households are forking […]
