Canadian consumers are getting crushed by their epic debt, and Ontario is ground zero. Office of the Superintendent of Bankruptcy (OSB) data shows consumer insolvencies in the province surged in March. Having outpaced national insolvency growth since 2019, it’s been capturing a larger share of total filings—and just saw the most monthly filings since 2010. […]
Canadians are suddenly facing one of the toughest job markets in months. Statistics Canada (StatCan) data shows the unemployment rate climbed to a 7-month high in April, but the real story is how the map is flipping. Traditional job engines like Ontario now rank among the worst in the country, while provinces long written off […]
Canada’s highly indebted households are starting to crack under the pressure. Office of the Superintendent of Bankruptcy (OSB) data shows insolvencies climbed in March. Now at a 17-year high for the month, the volume was only second to the 2009 financial crisis. What Are Consumer Insolvencies? Consumer insolvencies are formal filings with the OSB, made […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Hits 7-Month High As Workers Outpace Jobs Canada’s job market lost 18,000 jobs in April, and looking past the headline data reveals a worse picture. The country shed 47,000 full-time roles last month, shedding 111,000 in the first 4 months […]
Canada’s job market saw its footing slip last month. Statistics Canada (StatCan) data shows the unemployment rate hit a 7-month high in April. That’s unlikely to surprise those who anticipate layoffs as a result of the trade war. However, with a layoff rate consistent with the average in the 2010s, the data doesn’t fit the […]
Canada’s debt problems are approaching the point of no return, likely cementing the end of the low-rate era. The Parliamentary Budget Officer (PBO) broke down federal spending and revenue for 2026-27. While critics focus on corporate welfare and loose spending, the real issue is much worse. The data reveals that over a quarter of revenue […]
Canada turned to cheap credit to prevent a housing correction, turning a bubble into a generational crisis. Statistics Canada (StatCan) examined housing across generations to compare the living situation of Millennials aged 25 to 39 in 2021 to those of Gen X and Boomers. They found that nearly 1 in 6 Millennials across the country […]
Vancouver real estate is known for excess, but that’s usually not in reference to inventory. Greater Vancouver Realtors (GVREB) data shows prices nearly hit a 5-year low in April. The market was lucky enough to avoid a Toronto-style correction until this point. However, weak demand and soaring inventory are sending a warning that its luck […]
Greater Toronto real estate is finally showing some signs of improvement. Toronto Regional Real Estate Board (TRREB) data shows prices climbed again in April. The climb was accompanied by more sales and fewer listings, which sounds a lot like a recovery. That is, until one realizes last month was still one of the worst Aprils […]
Canadian household wealth grew last year, but so did inequality. Statistics Canada (StatCan) data shows the average household net worth rose in Q4 2025. However, the rich had a different read on the economy that helped their share grow much faster. While the rich racked up stocks and pumped the brakes on mortgage debt, the […]
