Canada’s largest bank is starting to think the economy is doing much better than previously thought. RBC wrote to investors this afternoon, outlining its expectations for the central bank’s next rate announcement. The bank’s economists expect GDP data to be more robust than previously anticipated after strong inflation data. As a result, the Bank of […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Satisfied With Their Quality of Life Plunges Further Canada is further turning into a country of haves and have-nots, according to a state survey. Statistics Canada released the latest quality of life survey results, and all but one age group is […]
Canada’s sharp policy turns have dramatically impacted the quality of life. Statistics Canada (Stat Can) data reveals that most people are highly satisfied with life and that share was rising in Q4 2024… but only for seniors 65 and older. The general sentiment in the country continued to erode, especially amongst the critical demographics of […]
Greater Toronto real estate’s bad year ended even worse. Altus Group data showed Greater Toronto Area (GTA) developers saw demand slip further in December, as new home buyer incentives failed to stimulate new demand. As a result, the market accumulated the most year-end inventory in nearly a decade—nearly 2.5x the amount available in 2021’s tight […]
Canada’s tax holiday ran for two months but it probably felt much shorter, and with good reason. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) accelerated in January. The central bank’s preferred inflation measures are now approaching the upper bound, and will bust through it like the Kool-Aid Man once the temporary […]
Canadian real estate prices are climbing despite an eroding economic and population outlook. Canadian Real Estate Association (CREA) data shows prices climbed sharply in January. It wasn’t due to a tightening market, as the growth rate of new listings was 8x that of home sales. Rising prices were almost certainly due to exuberance and policymakers […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Toronto’s Unemployed Population Hits 357k, Nearly 1 In 11 Workers Canada’s largest city is experiencing a surprising employment downturn. Toronto CMA added tens of thousands of jobs in January but added far more workers—a trend that’s been consistent for a few years […]
Canada’s largest city is commonly known as the country’s economic capital, but that may change soon. Statistics Canada (Stat Can) data shows the Toronto CMA region added tens of thousands of jobs in January, but added even more unemployed people. Nearly 1 in 11 of the region’s workers are now actively unemployed and seeking work—a […]
Canadians are paying a lot more for a lot less, even when it comes to construction investment. Statistics Canada (Stat Can) data shows that investment in building construction ended the year much higher in December. Before getting too excited, a quick dive past the headlines into the agency’s data in real (inflation-adjusted) terms tells a […]
Canada has some of the most highly indebted households in the world, and they may be approaching their breaking point. Office of the Superintendent of Bankruptcy (OSB) data shows December was one of the busiest in years for consumer insolvencies. The year ended with the most filings since 2009, growing at a pace similar to […]
