Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Developers Set A Record For Completed & Unsold New Homes Canadian real estate developers are sitting on a glut of completed and unsold homes. Builder inventory surged to 19,536 unabsorbed new homes in April, up 36% from last year and triple […]
Canadian real estate went from a speculative asset with global demand to a glut in just a few years. Canada Mortgage and Housing Corporation (CMHC) data shows completed and unabsorbed inventory rose in April. Builders are now sitting on the most completed and unsold new homes in the country’s history—and there’s a lot more supply […]
Canada was told that more supply would fix its housing crisis. Now that it’s here, it clearly wasn’t buyers clamouring for that supply—not at these prices, anyway. Canadian Real Estate Association (CREA) data shows prices climbed slightly in April. However, the mild increase wasn’t due to rising sales or tightening inventory. Instead, the move looks […]
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 […]
