The Canadian dollar, a.k.a. the Loonie, has been losing ground against the US Greenback since 2021. The erosion accelerated when the US administration threatened tariffs, but a new report reveals that reality is better than expectations. A new analysis from BMO Capital Markets explained to investors that the Loonie has regained the ground lost against […]
Canada is seeing weak home sales, slowing population growth, and economic uncertainty. It’s the perfect recipe for… higher rental prices? A new report shows that rental prices made a sharp jump in March, amplifying already accelerated growth in small cities and traditionally cheaper purpose-built rentals. It’s a little weird to see Toronto and Halifax rental […]
Maybe next year? Canadian renters are hitting pause on their plans to buy a home in the next 12 months, according to a Bank of Canada (BoC) consumer survey in Q1 2025. Following a quarter of record buying intentions, the share looking to buy this year made the sharpest quarterly decline on record. The combination […]
Canadians are increasingly divided on where the country’s economy is heading in a year. The Bank of Canada (BoC) released the results of its Q1 2025 Consumer Outlook Survey (COS) showing a record share of households fear losing their job. Over 1 in 5 consumers believe they will lose their job within the next 12-months, […]
Canadian business uncertainty is riding high but reality may not be as bad as expected. The Bank of Canada (BoC) released the results of its quarterly Business Outlooks Survey (BOS) for Q1 2025, revealing a sharp decline in the country’s future GDP growth. A report from BMO warns this erosion in expectations is very real, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Atlantic Canada & Prairies To Be Hit Hard By China’s Tariff Retaliation: RBC Canadians are so focused on the American-induced trade war they likely forgot they started one with China a few months prior. RBC warns that China has finally retaliated to […]
Canada’s job market entered choppy waters last month, and the impact from tariffs have yet to be felt. Statistics Canada (Stat Can) data shows employment fell in March, with job losses concentrated in private sector employment. Unemployment has already been tracking significantly higher than pre-2020. However, fewer jobs and more people experiencing long-term unemployment boosted […]
Greater Toronto real estate just had its slowest start to the Spring market in more than a decade. Toronto Regional Real Estate Board (TRREB) data shows the typical home (composite benchmark) saw prices fall further in March. Last month saw a sharp decline in home sales, printing the weakest demand for the month in well-over […]
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 […]
