Canadians have seen their wealth surge through a simple act—just paying their mortgages. The problem, according to the country’s largest bank, is that one person’s inflated housing wealth is another person’s hurdle to shelter. RBC warns the issue is now so bad, the vast majority of people will never be able to afford to buy […]
Canada is facing a number of destabilizing forces—like climate change, disinformation, and young adults never owning a home. That’s the take from an internal RCMP report called the Whole-Of-Government Five-Year Trends For Canada. The report is a “scanning exercise” on evolving risks for law enforcement to monitor. It puts the fact that many people under […]
Canadians were warned about building a housing-based economy, now they’re approaching a lost decade. National Bank of Canada Financial (NBF) recently wrote to institutions to warn the country’s productivity is stagnating. As a result, so is the quality of life as real gross domestic product (GDP) remains at the same level it was 7 years […]
Toronto’s population boom has led to rapid growth of its talent pool—but can they find work? Statistics Canada (Stat Can) data shows Toronto’s unemployment rate rose significantly faster than the national rate in February. The city’s unemployed population has grown to hundreds of thousands of people, with annual growth rising 11x the rate of its […]
What does Canada have in common with two of the world’s most restrictive regimes? The state of its population’s mental health. Sapien Labs has released its fourth annual Mental State of the World rankings, and things are stagnating. Post-pandemic, English speaking countries saw their score dive. Initially researchers believed this would be a temporary phase, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Ontario Premier’s Company Quietly Sold A $6.75m Property, Flipped Months Later A company associated with Ontario’s Premier quietly sold a pricey piece of land. The industrial property in West Toronto went for $6.75 million, a premium compared to comps. The buyer didn’t […]
Ontario may have been locked down, but a company connected to the province’s top politician was busy at work. In December 2020, CoStar reported a company connected to Premier Doug Ford sold 85 Vulcan St., an industrial property in West Toronto. The deal didn’t gain any media attention outside of the commercial real estate platform, […]
Canadian policymakers are scrambling to make daily announcements of helicopter cash to stimulate building, but it may have the opposite effect. Statistics Canada (Stat Can) data shows building permit application values slightly increased in January. However most of the gain was lost to inflation, especially when it came to new housing—a segment that showed nearly […]
Canada’s economy went from mass shortages to excess in roughly zero-to-five. The Bank of Canada (BoC) announced a widely expected hold for its key interest rate this morning. There are encouraging signs when it comes to moderating inflation, and in their opinion more time at these levels will help bring it back to their target […]
Canadian businesses aren’t just increasingly closing up shop, but they’re facing debt problems too. Office of The Superintendent of Bankruptcies (OSB) data shows business insolvencies surged in January. A combination of a slowing economy, rising input costs, soaring debt, and end of pandemic assistance has led to the biggest month for business insolvencies in nearly […]
