Greater Toronto real estate printed stronger numbers across the board last month. BildGTA and Altus Group data shows new home prices climbed in April, with stronger sales and less inventory. Has the market risen from the dead? Before getting excited, it’s worth diving into the data, as a little context may take the wind out […]
Canada just saw one of its biggest months on record for new businesses, but just as many shut down. Statistics Canada (StatCan) data shows the number of active businesses fell in February, with the country seeing the fewest since October 2023, a 28-month low. This isn’t a one-off issue: new firms over the past year […]
Canadian building investment is falling despite a wave of public incentives aimed at boosting construction. Statistics Canada (StatCan) data shows building investment fell sharply in March. Now at a 5-month low, building investment pulled back as residential construction investment fell for a third straight month. Non-residential investment moved higher, but it wasn’t the usual sign […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Prices Near Record Highs In All But 2 Provinces What Canadian real estate price correction? The price of a typical home across Canada rose 0.3% to $666,400 in April, with prices rising last month in all but one province. The […]
Canadian policymakers have apparently offset any downward pressure from changing fundamentals. Canadian Real Estate Association (CREA) data shows the price of a typical home climbed in all but one province in April. Despite a major correction in the national numbers, the provincial Home Price Indexes (HPI) reveal that only two provinces have seen a major […]
Canada’s central bank is seeing core inflation slow, but borrowing costs aren’t. BMO warns that long-term Government of Canada (GoC) bond yields have just hit their highest level since 2010. BMO points to oil prices as the bond market’s immediate concern. That may be the spark, but Canada’s persistent demand for debt is the bigger […]
Canadian households continue to rack up an epic amount of debt. Statistics Canada (StatCan) data shows household debt continued to climb in March. The record debt rivals the country’s whole output, placing a drag on growth. However, that wasn’t the biggest concern in the latest update—the concentration is. Despite a slow real estate market, households […]
Canadians know inflation climbed sharply last month, but there’s a stranger story in the headline data. Statistics Canada’s (StatCan) Consumer Price Index (CPI) rose in April, driven by energy prices. However, a modeling skew in categories like air travel helped suppress the acceleration, despite conflicting industry data. Canadian CPI Surges To Highest Level In 23 […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Developers Set A Record For Completed & Unsold New Homes Canadian real estate developers are sitting on a glut of completed and unsold homes. Builder inventory surged to 19,536 unabsorbed new homes in April, up 36% from last year and triple […]
Canadian real estate went from a speculative asset with global demand to a glut in just a few years. Canada Mortgage and Housing Corporation (CMHC) data shows completed and unabsorbed inventory rose in April. Builders are now sitting on the most completed and unsold new homes in the country’s history—and there’s a lot more supply […]
