Canada’s job market is improving despite warnings against slowing population growth. The unemployment rate fell in June, helped by tens of thousands of new jobs being added. This pushed the employment-to-population ratio to a 3-year high. A significant job deficit remains, but the economy may be on track—if policymakers avoid reverting to chasing short-term, non-productive […]
Canadian real estate has been slow and that extended to the rental market last month. Rentals.ca data shows the average national asking rent made a minor drop in June, helping to print the 9th consecutive month of annual declines. Despite the persistent grind lower, rents remain much higher than 5 years ago—up more than double […]
Toronto real estate is finding out it’s not invincible, after all. New Equifax data reveals Toronto CMA’s mortgage delinquency rate surged in Q1 2025. While rising delinquencies are a national story, this is very different from the normalization seen in other Canadian markets. Over the past few years, Toronto’s delinquency rate has more than tripled […]
Greater Vancouver real estate went from some of the world’s most coveted to historically weak demand in just a few years. REBGV data shows prices fell in June, as demand fell to the second weakest level in the past 25 years. At the same time, the region’s notoriously scarce inventory is no more—there are now […]
Canadian mortgage delinquencies continued to rise sharply in Q1 2025, according to Equifax. While the rate remains historically low, it’s climbing fast. The trend was driven largely by Toronto, where delinquencies have hit one of the highest levels in decades, even as other major markets remain well below the national average. Canadian Mortgage Delinquencies A […]
Canada’s fiscal picture is getting “cloudy,” warns BMO. The bank’s latest report flags ballooning spending, soft revenues, and trade war uncertainty as key risks facing the economy. BMO estimates the deficit could reach as high as $80 billion this year—far higher than official forecasts. A slower rollout of election promises might ease the blow, but […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Most Affordable In Years, Still Near 90s Bubble Peak: RBC Canadian real estate is the most affordable in 3 years, but it remains at one of the worst levels in history. A new report from RBC shows that a […]
Greater Toronto’s real estate industry may be optimistic about “firming,” but buyers disagreed last month. TRREB data shows real estate prices made a sharp downtick in June, after months of waiting for the market to firm. Last month’s sales marked the weakest June sales in 25 years, and its highest inventory on record. The board’s […]
Greater Toronto real estate developers found no relief from the market rut in May. BILD GTA and Altus Group data shows new home sales hit a record low in May, marking an 8th month of historically weak demand. Even though just a handful of new homes sold in a city of millions, sellers have been […]
Canadians are packing up and leaving for good, and high home prices may be a major contributor. Last week we discussed Statistics Canada’s (Stat Can) emigration data showing 2025 saw one of the biggest Q1 outflows on record. Breaking that data down by province reveals the largest source of emigrants is Ontario. Combined with BC, […]
