Canada may be in the process of losing its reputation as an investment safe haven. Statistics Canada (Stat Can) released its balance of international payments for Q1 2024, reinforcing preliminary data showing investors are looking for opportunities abroad. It also revealed foreign investors are engaging in their first divestment from the country in 14 years, […]
Canada’s favorite Maritime province has been a big winner when it comes to real estate. It’s economy? Not so much. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) per capita made a sharp downturn in 2023. The province’s shock was so large, it returned the quality of life measure back to 2016-levels. […]
Canadian real estate prices have surged in almost every market, with a typical home price doubling in many regions. A median household in major cities like Toronto and Vancouver would need to save over 20 years for just the down payment, more than 3x the historic average. Seems absurd? The outlandish scenario was apparently a […]
Canadians might be ready to shed their reputation as real estate obsessed investors. A new survey from financial comparison site HelloSafe found real estate is now the second highest preference for investors. After home prices made record gains, young and old respondents now prefer stocks as their favorite investment vehicle for building wealth. That can […]
Canadian real estate profits have taken a nosedive like no other major industry in the country. Statistics Canada (Stat Can) data shows corporate profit margins in Q1 2024 were within historical ranges. A notable exception is real estate, which is now significantly below its usual range of profits—though they still remain higher than all but […]
Canada’s booming population isn’t enough to save its eroding business environment. Statistics Canada (Stat Can) data shows business growth continued to slow in February, despite the rapidly escalating population. Even more business owners are deciding to shutter their doors as unemployment rises and incentives to operate continue to fade. Canada Is Seeing Very Slow Business […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Bank Regulator Sees Mortgage Defaults Rising, 1 In 7 Of Concern Canada’s bank regulator is warning that mortgage debt is one of the biggest risks to the country. OSFI released its annual risk outlook and mortgage credit was one of the […]
Canada was warned its mortgage credit addiction is turning into a risk for its economy. Now the call is coming from inside the house. Well, for the house… maybe. The Office of the Superintendent of Financial Institution (OSFI) released its Annual Risk Outlook (ARO) for 2024/2025, outlining its big 4 concerns, which will set its […]
Canadians fleeing major cities was supposed to be a temporary trend, but it’s accelerating at a breakneck speed. Net interprovincial migration, the balance of people who arrived and left provinces, accelerated in 2023. Economists at BMO are warning this trend was unusually strong in the country’s traditional economic hubs—Toronto, Vancouver, and Montreal. The bank attributes […]
Canadian real estate investors expecting lower rates aren’t the only ones who got good news yesterday. Statistics Canada (Stat Can) data shows the rent component of the Consumer Price Index (CPI) slowed sharply in April. In a research note to investors, BMO explained the monthly move wasn’t the only data point to indicate a slowdown […]
