Research from the central bank for central banks shows government debt is pushing its limits. The Bank for International Settlements (BIS) latest quarterly review reveals sovereign debt is now so abundant that it’s eroding the discount they once enjoyed. The scale is so large it’s distorting credit markets and mispricing corporate risks while quietly inflating […]
Canada’s big banks are seeing a sharp erosion in mortgage credit quality. Canadian Bankers Association (CBA) data shows mortgage arrears climbed sharply in October. The rate now sits at a five-year high, but the stress may be even worse than it appears. CBA member banks are holding fewer total mortgages, potentially signaling risk mitigation. Canadian […]
Canadians might not be buying much real estate these days, but they’re borrowing against it. Statistics Canada (StatCan) data shows home equity lines of credit (HELOC) debt surged in October. Households tapped their home equity at one of the fastest rates in years, sending HELOC debt to a 6-year high. Home Equity Line of Credit […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Affordability Improves, Still Near 90s Peak: RBC RBC data shows housing affordability has improved for a seventh straight quarter. The bank estimates a median household needs to spend 53.2% of its disposable income on ownership costs in Q3. If that […]
Canadian mortgage debt is growing at a healthy pace—but it doesn’t mean what it usually does. Statistics Canada (StatCan) data shows household mortgage debt rose sharply in October, marking the biggest increase for the month in years. The growth rate has now returned to normal levels, but the underlying composition of that demand is anything […]
Canadian GDP just hit reverse, a move that conflicts with the quarterly boom at first sight. Statistics Canada (StatCan) data shows GDP fell sharply in October—enough to erase months of gains. The reversal leaves the economy with the broadest erosion of industry since the pandemic, and it’s not just a blip. Canada’s economy is undergoing […]
The Canadian real estate affordability crisis has eased—but housing is still far from affordable. RBC data shows Q3 2025 marked the seventh consecutive quarter of housing affordability improvements. Despite the persistent trend, affordability remains just slightly better than the peak of the 1990s real estate bubble. RBC warns that with rate cuts unlikely in 2026, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Flee In Record Volumes—A Warning Seen Only Twice Before Canadians are heading for the exit in the highest volumes on record. Emigration, the act of citizens or permanent residents leaving the country, hit 120.4k people in the 12 months ending in […]
Canada’s first population decline is being blamed on temporary residents leaving, but that overlooks a deeper structural issue: a record outflow of citizens too. Statistics Canada (StatCan) data shows emigration, the act of citizens or permanent residents relocating abroad, surged in Q3 2025. The unusual record outflow over the past year has only seen anything […]
Canadian employers are pulling back, but the hiring slowdown isn’t even across provinces. Statistics Canada (StatCan) data shows the job vacancy rate fell across Canada in Q3, but most provinces remain at or above the national average. Ontario stands out as an exception, as its large population, paired with a stagnating economy, has seen hiring […]
