Canada’s population is expected to slow in growth but still add a whole lot of people. Statistics Canada (Stat Can) data released this morning shows they expect growth to slow. The population is expected to hit 63 million people by 2073, driven almost exclusively by migration. At the same time, the country’s older population is […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Weakness Is Mostly Just Ontario & Nova Scotia Canadian home prices fell according to the national index, but it may not tell the whole story. About three-quarters of markets across the country actually saw home prices rise. If excluding […]
Canadian real estate prices are declining, but agents across the country don’t quite agree. Canadian Real Estate Association (CREA) data shows the price of a composite benchmark (“typical”) home fell in May, pushing annual growth lower. The national data paints a picture of markets cooling, but most markets saw price growth last month outside of […]
The Canadian population continues to advance at a breakneck speed. Statistics Canada (Stat Can) estimates the population reached a whopping 41 million people in Q1 2024, adding 0.6% (+242.7k) people in the quarter. The seasoanlly adjusted annual rate of growth fell to 3.0%, trimming 0.2 points from the previous quarter. Experts believe it’s too early […]
Canada’s growth strategy is ineffective, and actually putting it further behind. That’s the general takeaway from the OECD’s 2024 Economic Outlook for Canada. The intergovernmental organization representing advanced economies, congratulates the country on its record population growth. It’s unclear how this occurs with low real GDP growth and rising unemployment, but the agency has a […]
Most Canadians believe real estate is the best-performing investment they can make. A new report from BMO makes that unclear, after concluding the country’s largest stock market outperformed housing. Despite the TSX performing poorly against US equities, it outperformed Canadian housing significantly over the past 20 years. That can mean a fundamental shift for Canadian […]
Canadian real estate is having one of the worst Spring markets on record. Canadian Real Estate Association (CREA) data shows home prices slipped lower in May. Continued weakness is the result of weak demand, which was expected to recover once rates were cut. Unfortunately for sellers, they overestimated how many buyers would appear ahead of […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Delinquencies Rise 24%, Ontario Hits $1 Billion: Equifax Canada’s credit bubble may finally be reaching its crescendo. Credit rating agency Equifax notes the national mortgage delinquency rate is lower than Q1 2020. However, more expensive regions like BC and Ontario […]
Canadian households are finally starting to realize why so many agencies warned against borrowing so much debt. A new report from Equifax Canada shows more households are struggling to repay their super-sized debt loads. The agency notes the trend is amplified in more expensive regions, where delinquencies are rising faster than the national average. Even […]
Global inflation is easing, and lower rates are on the horizon, but those who didn’t take advantage missed out. That was the message from the Bank of Canada (BoC) Governor, speaking at the International Economic Forum of the Americas yesterday. Governor Tiff Macklem told the conference that central banks have made significant progress on inflation, […]
