Greater Toronto real estate’s recovery slipped beyond the horizon in August, despite a small bump in buyers. TRREB data shows a minor year-over-year increase in sales, but demand remains near historic lows and far from normalizing. At the same time, more sellers flooded the market, pushing inventory to a record high and forcing deeper price […]
Canadian real estate is even cooler than most realize. Since hitting a record high three years ago, real (inflation-adjusted) home prices have fallen sharply, according to data from the US Federal Reserve Bank of Dallas (Dallas Fed). Once thought an invincible and sure bet, Canadian real estate is in the middle of the second-largest price […]
The Canadian economy was cruising smoothly until this year, but its landing is now looking choppy. National Bank of Canada (NBF) economists are warning investors that the economy slipped into excess supply in Q2. The Big Six bank sees this problem continuing into Q3 with job creation drying up, GDP contracting, and investment fleeing into […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Economy Hits An Iceberg—Government Spending Soars It’s too early to use the R-word to describe the Canadian economy, but it seems inevitable. Real GDP contracted 0.4% (SAAR) in Q2, driven by falling exports, weak business investment, and a decline in non-residential […]
Canada isn’t ready to use the R word to describe its economy, but the latest GDP data makes it hard to avoid. Statistics Canada (StatCan) reported the economy contracted in Q2, dragged down by falling exports and slumping business investment. What little growth remained came from residential real estate. The only reason GDP didn’t fall […]
Canada is bleeding capital at the fastest rate since the Financial Crisis. Statistics Canada’s (Stat Can) latest data shows foreign investors pulled billions from the country in Q2, with domestic investors joining the exodus. This goes beyond tariffs—the sheer scale and pace of outflows point to deeper structural cracks and fading confidence in the country’s […]
Remote work may be billed as the future of work, but in Canada it’s in retreat. Statistics Canada (Stat Can) data shows 790,000 fewer remote workers since 2022, while 1.5 million more became daily commuters. Policymakers have driven the shift to prop up big-city downtowns—leaving households to pay the price in both time and money. […]
More Canadian real estate sellers are pulling listings, as market conditions loosen. Canadian Real Estate Association (CREA) data shows the share of canceled listings climbed in July, continuing an upward trend amid rising inventory. The elevated share of cancellations, combined with higher inventory, has pushed volumes to a record high. A wave of new completions […]
Canadian mortgage borrowing is improving, but don’t mistake it for a rebound. Bank of Canada (BoC) data shows household mortgage credit grew in June—marking the third consecutive month of acceleration. Growth is slow and steady, but it still resembles a recession more than a recovery. Canadian Mortgage Debt Hits $2.3 Trillion, But A Recovery Still […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Originations Rise 27%, Second Biggest Month On RecordCanadian mortgage originations hit $40.7 billion in June, up 27.5% from last year—making it the second-biggest month on record. That kind of surge would normally signal renewed housing demand, but not this time. […]
