Greater Vancouver real estate only has a handful of buyers, but they’re bidding up prices for some reason. Greater Vancouver Realtors (GVR), formerly REBGV, shows home prices made a substantial jump in March. The increase occurred despite it being one of the weakest months for demand in decades, and the most well-supplied market in recent […]
Canada’s trade war with the world’s largest economy is a serious threat to its stability. In fact, it’s such an economic threat that almost no one is paying attention to another significant one—the trade war with the world’s second-largest economy, China. RBC Economics warns that China has finally responded to Canada’s import tariffs on Chinese […]
Canadian debt problems are still surfacing despite a mad dash to slash rates and stimulate growth. Canadian Bankers Association (CBA) data shows mortgages in arrears climbed in January. Since setting a record low a few months ago, the arrears have climbed over 50% to hit the highest rate since 2021. Canadian Mortgage Arrears Today we’re […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Squandering Its Ability To Respond To Trade War: Scotiabank One of Canada’s Big Six banks is warning the central bank is blowing its ability to respond to a trade war. Scotiabank economists wrote to investors warning the BoC’s recent […]
Canada’s latest data should put to rest any doubts over slowing international student demand. Immigration, Refugees and Citizenship Canada (IRCC) data shows new study permit applications fell sharply in January. Policymakers planned to throttle applications with caps, but the drop has been multiples of the planned reduction. Canada Saw A 46% Drop In Study Permit […]
Just a few years ago, Canada was scrambling to fill a record volume of vacant jobs. Now it’s struggling to cope with the volume of excess workers. Statistics Canada (Stat Can) data shows companies added more workers to their payrolls in January. However, job vacancies fell to the lowest level since 2017, making it the […]
Canada’s economy is making progress but the average worker is in a rut. A new report from the National Bank of Canada (NBF) explains to investors that the economy is doing much better than most anticipated. Unfortunately, that’s going to be short-lived as economic anxiety takes control of households. Consequently, they see up to 190k […]
Canadian households are anxious about the economy, despite the parade of above-normal expectations. The Conference Board’s Consumer Confidence Index plunged to a new record low in March. Economists at BMO wrote to investors explaining its no surprise with the trade war compounding cost of living pains. They also don’t see any improvements on the horizon. […]
One of Canada’s largest banks is sounding the alarm on excessive easing at the wrong time. The Bank of Canada (BoC) slashed its key policy rate earlier this month, despite warning of rising inflation approaching its tolerance. A new report from Scotiabank outlines how the central bank has been disregarding rising inflation data, and rushing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Permanently Leaving Hits The Highest Level Since 1967 Canadian policymakers were so focused on growing the temporary population that they missed the citizen outflow. Emigration, the act of a citizen or permanent resident leaving for good, ramped up in Q4 2024. […]
