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 […]
Canadians aren’t bouncing back from the pandemic’s hit to life satisfaction. Statistics Canada (StatCan) data show the average life satisfaction score slipped in Q2 2025, the first decline in more than a year. The recovery is stalling before it reaches pre-pandemic levels, and a provincial breakdown shows sharp divides in how people feel about their […]
Canada’s real estate market finally got some good news—cheaper financing may be coming. The Bank of Canada (BoC) will cut rates three times before the traditionally busy Spring real estate market, according to a report from BMO Capital Markets. The recent labour market erosion has the market fully pricing in the first cut within the […]
Toronto’s real estate bubble just lost another key pillar: jobs. Statistics Canada (StatCan) data shows the Toronto CMA unemployment rate is nearing double-digits, with Mississauga and Brampton already well above 10%. What was once one of the country’s strongest job markets is now cracking—raising questions about short-term value and the long-term sustainability of a housing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Is Crashing At One of The Fastest Rates Ever Canadian real estate is in the middle of one of the sharpest corrections on record. Real home prices have dropped 24.2% since Q1 2022, making it the second-deepest decline ever, […]
Canada’s economy just keeps taking hits—the latest is this morning’s job report. The unemployment rate climbed sharply in August, according to Statistics Canada’s Labour Force Survey. What was once a demographic issue is now a demand problem. Real job losses are materializing, and they’re not limited to trade-exposed sectors. The data points to a deeper […]
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 […]
