Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Markets Overheat (Again), Government Cities Tighten Most Canadian real estate markets are starting to heat up (again), but mostly just in government towns. A look at the sales to new listings ratio (SNLR) for major markets across the country […]
Back in October, government workers were ordered back into the office to bolster real estate demand. A month after most workers were ordered back, real estate markets have re-entered overheated territory. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) increased in November. This time the rally is driven by […]
Canada’s economy is slowing down and unemployment is rising, but that isn’t slowing credit consumption. Statistics Canada (Stat Can) data shows household debt continued accelerating in October. A combination of lower rates and moral hazard has led to aggressive borrowing, with credit now rising at a faster pace than GDP. It’s a questionable setup when […]
Canada’s economy continues to outperform, and received further revisions of prior data. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) showed surprising growth in October, coming in 3x expectations as real estate returned as a driver. September data has also been revised to show double the growth originally reported, indicating the economy […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Borrowers Received “Over 8,000 Relief Measures”: FCAC Canadian mortgage borrowers have just discovered they weren’t richer than they thought, and now require significant assistance to handle their bills. The Financial Consumer Agency of Canada (FCAC), the country’s consumer watchdog, has […]
Who needs a pandemic when every day can be an “exceptional circumstance” for the market? A new report from the Financial Consumer Agency of Canada (FCAC), the country’s consumer watchdog, outlines the extraordinary mortgage relief measures it continues to deliver via the country’s banks. The agency delivered more than 8,000 mortgage relief measures over a […]
The Canadian and American economies often move together, but the loonie is the latest sign that won’t be the case this time. The Canadian dollar has been plunging against the US dollar, a.k.a. Greenback. That loonie’s erosion was amplified this month as the two central banks diverged on outlooks for their respective economies, with the […]
The pandemic kicked off a Great Migration for Canadians, who fled expensive provinces for affordable housing. That boom is ending for Atlantic Canada, but continues in Alberta according to a new analysis from BMO Capital Markets. They found the two biggest losers are BC and Ontario, where people continue to flee the sky-high cost of […]
Canadian inflation slowed further last month, but the details show why few people may have felt it. Statistics Canada (Stat Can) data shows progress for the headline measure of the Consumer Price Index (CPI), which decelerated in November. The agency reported a broad-based slowdown, though half of the major components were still growing significantly above […]
Canada’s labor market just got another round of bad news from the national statistics agency. Statistics Canada (Stat Can) data shows job vacancies fell sharply in Q3 2024, but not due to a hiring boom this time. Employers are hiring for fewer roles, and the outright size of the country’s labor market has begun to […]
