Canada’s real estate addiction may limit the central bank’s ability to respond to loosening conditions. The Bank of Canada (BoC) cut its overnight rate by 25 basis points to 2.50% at its September meeting, as expected. Markets are pricing in more cuts, but BMO economists caution that moving too fast risks undoing recent housing market […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Went From A Shortage To Surplus, Starts Plunge Canada’s new home starts fell to a SAAR of 245,800 units in August, down 16% from July. But this isn’t a problem of red tape—approved permits hit a record ~350,000 units, […]
Canada’s housing narrative flipped from shortage to surplus faster than you can say “speculative bubble.” Desjardins economist Kari Norman notes that new housing starts fell sharply last month, while new homebuilding permits hit a record—demonstrating red tape isn’t the problem. Meanwhile, the number of newly completed but unsold homes is the highest in a generation. […]
The Bank of Canada (BoC) is betting on cheaper credit reviving a slowing economy further hit by trade shock. It cut the overnight rate at today’s meeting, a move widely expected as exports fall, investment retreats, and the labour market softens. The central bank hopes easing will support demand and jumpstart investment—but does history support […]
Canadian governments are borrowing like a pandemic just broke out—and banks are snapping up the debt at historic levels. Statistics Canada (StatCan) data shows net issuance of government securities surged in Q2 2025, marking the biggest quarter since pandemic supports peaked. More concerning: domestic banks are absorbing the demand, a pattern rarely seen outside of […]
The Canadian economy is cooling but inflation accelerated as the base effect from gasoline faded. Statistics Canada (StatCan) data shows CPI accelerated in August, with core measures still running hot and shelter costs returning to breakneck growth. That puts the Bank of Canada (BoC) in a tricky situation at the upcoming rate announcement, as it […]
Canadian real estate showed minor improvement in August but remains far from normal. Existing home sales rose slightly, according to data from the Canadian Real Estate Association (CREA). However, the increase wasn’t enough to offset a record number of new listings, helping drive the sharpest monthly price drop in over a year. Canadian Real Estate […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Big Six Mortgage Arrears Surge Above National Average Mortgage arrears at Canada’s Big Six banks are rising faster than the national average, with five of the six now exceeding it. These lenders typically post much lower delinquency rates, making the sudden […]
Canadian banks are seeing mortgage arrears rates climb to multi-year highs, according to the Canadian Bankers Association (CBA). Historically, the Big Six banks are known for their low-risk approach, but recent regulatory filings show that most now have much higher mortgage arrears. The unusual skew is far from over, with most banks also reporting faster […]
Canadian households are once again piling on debt faster than their incomes can keep up—if they ever stopped. Statistics Canada (StatCan) data show the household debt-to-income (DTI) ratio climbed for a third straight quarter in Q2 2025. It’s still below the 2021 peak, but that drop has less to do with deleveraging and more to […]
