Canada’s job market oversold and underdelivered. Statistics Canada (StatCan) data contained a special Labour Force Survey (LFS) supplement examining labour market efficiency in September. The data reveals a huge mismatch—1 in 6 Canadians aren’t working in their field of post-secondary training, and a fifth are overqualified for the work they found. The problem is even […]
Canadian mortgage delinquencies are climbing at the fastest pace in a generation, and that’s only the visible part of the problem. Equifax data shows the rate continued its sharp ascent in Q2 2025, up from record lows barely two years ago. The trend offers only a glimpse of the broader credit stress now rapidly emerging […]
Halifax real estate is pitched as an affordable alternative to Toronto, once the world’s second-largest bubble. That pitch was successful, helping prices nearly double over just two years. There’s just one problem—Toronto’s condo bubble has popped, with prices falling 21% and all signs pointing to further declines. With Halifax condo prices near all-time highs, the […]
One of Canada’s largest banks just delivered bad news for real estate investors—it’s a bubble already deflating. BMO Capital Markets warns that home prices have been sliding for over three years, more closely resembling the US housing crash in 2007 than Ontario’s last correction. The bank expects a long, drawn-out recovery, cautioning it’s “next to […]
Canadian investors are trading in their loonies for shiny rocks—and it’s an ominous sign in plain sight. Statistics Canada (StatCan) data shows unwrought precious metal imports surged in August, driven by gold. It was the second-largest buying spree on record, so large it distorted national trade figures. Paired with the recent erosion in investment and […]
Canada’s central bank just delivered a speech that made every quant’s skin crawl. Last week, the Bank of Canada (BoC) revealed it’s preparing a major overhaul of how inflation is measured. In prepared remarks, Deputy Governor Rhys Mendes warned that mortgage costs have distorted the Bank’s preferred CPI readings. Now it’s considering whether to scrap […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Renters Outperform Homeowners In Most Cities: Even In Toronto Canadian real estate is renowned as a strong investment, but renters could have easily outperformed returns. PWL Capital compared renter savings—invested in an index fund—to the cost of home ownership. Investing the […]
Toronto real estate may have to accept that its pre-pandemic premium is gone. TRREB data shows composite home prices fell further in September, with losses accelerating. A mild uptick in sales was overshadowed by inventory surging to a record high. The demand balance is weaker than during the 90s crash, the region’s last major correction. […]
Canada’s central bank cut interest rates to support a weakening economy, but admits it may not help. The Bank of Canada (BoC) lowered its overnight rate by 25 basis points to 2.5%, but its own internal meeting notes reveal uncertainty about the decision. In its Summary of Deliberations, the BoC acknowledges it’s downplaying inflation risks […]
Canada’s job market is worse than it looks, according to one of Canada’s largest banks. National Bank of Canada (NBF) is warning investors the surprising growth in payroll data has been misread as strength, but zooming out reveals it’s now aligning with the weakness observed in the Labour Force Survey (LFS). When combined with plunging […]
