Canadian politicians are moving at an alarming speed to reverse its immigration policies, this time targeting students. The Government of Canada (GoC) announced it would be discontinuing the Student Direct Stream (SDS) and Nigeria Student Express (NSE) application program on Friday. The program was designed to expedite study permit approvals in targeted markets, and became […]
The number two at Canada’s central bank just made it clear she isn’t a policy cheerleader, like the Governor has been in recent months. Bank of Canada (BoC) Deputy Governor Carolyn Rogers addressed finance professionals at the Economic Club of Canada last week, explaining the usual mortgage market risks. It got more interesting when she […]
Canada must have found some economic progress in the pocket of an old winter coat. Last week Statistics Canada (Stat Can) made some big upward revisions to the country’s gross domestic product (GDP) data. The country’s national statistics agency found the equivalent of a whole year of economic activity that was hiding between 2021 to […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Rental List Prices Make First Drop Since COVID, BC & ON Cities Lead Lower Canadian rental prices just made their first annual drop in years. The average monthly asking price for a rental fell to $2,151 in October, down 1.2% from […]
Canadian rents are showing the first sign of weakness since the pandemic kicked off. A new report from Urbanation & rentals.ca shows the average rental price fell to $2,151 per month in October, down 1.2% since last year. It was the first year-over-year (y/y) drop since July 2021, with the 3-month trend showing annual growth […]
The Canadian economy is slowing down but some provinces are doing better than others. Statistics Canada (Stat Can) released annual provincial real gross domestic product (GDP) for 2023 this morning. The data shows 9 in 10 provinces grew, with those in the West showing the highest growth. When adjusted for the population, only half of […]
The Greater Toronto real estate price boom continued to unwind last month. Toronto Regional Real Estate Board (TRREB) data shows the price of a composite benchmark (typical) home fell once again in October. Prices have now rolled back to where they were 3-years ago, falling nearly half the cost of a home just 10-years prior. […]
The Canadian and American economies are closely intertwined and tend to perform similarly. Which makes sense, since the two countries have similar levels of affluence and strong cross border trade. Rarely do the two countries see much economic divergence, but this is one of those times. The Canadian economy is slowing much faster than the […]
Canada’s central bank may be moving a little faster than the market anticipates. The Bank of Canada (BoC) released its quarterly market participant survey (MPS) this morning. The survey asks prominent financial market participants what they’re expecting in the coming months in terms of economic growth, inflation, and policy. Most respondents see Canada’s real GDP […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Immigration Changes To Impact BC & Ontario Real Estate Most: BMO Canada is changing course on immigration and that means real estate investors should pay attention. A new BMO Capital Markets report notes the population declines will be felt the sharpest […]
