One of Canada’s largest banks warns the central bank’s rate decision won’t be easy this week. BMO economists wrote to investors to outline the difficulty the Bank of Canada (BoC) will have sifting through the noise. Following historical revisions, the Labor Force Survey (LFS) data shows employment is much stronger than previously believed. However, the […]
Canadian real estate isn’t getting much of a boost despite lower rates and billions in stimulus. Canadian Real Estate Association (CREA) data shows the price of a typical home (composite benchmark) slipped lower in December. Despite plunging rates, most provinces saw prices grind lower and all but one remained lower than the record high. Meanwhile, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Population Grew Fast, But It Was Massively Overstated Canada’s fast-growing population isn’t moving nearly as fast it led people to believe. Due to the difficulty of tracking people leaving the country, the number of remaining immigrants is significantly inflated. The national […]
Canada’s population is growing at one of the fastest paces ever, but you may have noticed it doesn’t quite feel that fast. Outside of discussions on how everyone wants to move to Canada, there’s quite a few signs the estimates are overstated. This is due to the data limitation Statistics Canada (Stat Can) can access […]
Canada’s brief immigration policy shift will have a much bigger impact than people appreciate. Statistics Canada (Stat Can) released its latest population projections, factoring in the November 2024 immigration policy changes from the IRCC. Most see the 2-year shift as too small to have much impact, forgetting that population growth went from high to out-of-control […]
Canada is still in a deep winter freeze, but the market is shaping up for an interesting Spring. National Bank of Canada (NBF) found that real estate inventory proved more resilient than sales in December. That inventory might be even higher this Spring, as frustrated sellers cancel 1 in 5 listings without a sale. Many […]
Canada’s government unveiled its latest magic trick—slowing inflation despite a weakening loonie and a trade partner that’s experiencing an acceleration. Statistics Canada (Stat Can) data shows policymakers made the growth of the consumer price index (CPI) disappear in December. A dive into the numbers reveals it was just an optical illusion—the GST/HST holiday temporarily offset […]
Canada is scaling back its immigration mandate and notifying public servants of significant layoffs. Staff at the Immigration, Refugees and Citizenship Canada (IRCC) just received an email from the Government of Canada (GoC) warning of layoffs as early as next month. The cuts will amount to roughly the equivalent of 1 in 4 roles at […]
Canada’s economy is slowing down but that’s not deterring households from borrowing. Statistics Canada (Stat Can) data shows growth of household debt accelerated in November. The move was led by higher demand for mortgage credit which has accelerated over the past year, but still remains below historic levels. Canadian Household Debt Tops $3.02 Trillion Canadian […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada To Face 2nd Largest Recession Ever If It Enters A Trade War: BoC Canada isn’t responding well to American tariff threats, and it can cost both countries a lot. National Bank of Canada (NBF) looked at the BOC modeling done back […]
