Canada’s population is shrinking at the fastest pace on record according to Statistics Canada (StatCan). The latest Q1 2026 population estimates reveal the first annual decline ever, driven by a sharp shift in immigration policy. The agency warns the declines will see revisions in the upcoming months as Canada softens its stance on immigration throttling. […]
Canada’s normally calm central bank admitted it has no clue what it should be doing right now. The Bank of Canada (BoC) held its key overnight rate, but made it clear this isn’t the usual sign of confidence in a stable economy. Warning of the threat of dual shocks to energy and global economic growth, […]
Canadian real estate finally saw some positive news—sort of. Data from the Canadian Real Estate Association (CREA) shows home prices climbed in February, marking the first positive move in over half a year. The odds of that climb being noise are even higher than usual, as sales continue to fall and the market reported the […]
Canada’s Consumer Price Index (CPI) fell to 1.8% in February, according to Statistics Canada (StatCan) data. Before the rate-cut cheerleading begins, take note: the headline number has been artificially suppressed by base effects and methodological quirks impacting readings over the past year. February marks the end of the first major one, with the biggest impact […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Mortgage Delinquency Surge Now Resembles US Housing Crash Canadian mortgage delinquencies are climbing in an unexpected segment. Mortgages over $850k hit a 0.52% delinquency rate in Q3 2025, more than double the 0.24% rate for mortgages under $200k. Over two years, […]
February may be the shortest month, but it punched above its weight when it came to job losses. Statistics Canada (StatCan) data shows employment fell in February, concentrated entirely in full-time roles. The little growth over the past year has been public sector expansion, masking a stalling private sector. The result: unemployment is at recession […]
Canadian headline building intentions are still coming in strong, but details are less flattering. Statistics Canada (StatCan) data show building permit values climbed in January, but remain weaker than pre-2023 levels once inflation-adjusted. A non-residential surge was behind most of the improvement, but it was taxpayer-funded, cementing Canada’s dependence on borrowed growth. Canadian Building Permits […]
Canada’s most expensive markets are on a collision course with its formerly affordable markets. Statistics Canada (StatCan) data shows quarterly rents in Toronto and Vancouver cooled in Q4 2025. The gap between expensive and traditionally affordable markets didn’t, with cities like Halifax now renting where Toronto was just 4 years ago—despite the latter’s economy being […]
Smaller mortgages historically carried larger delinquency risks in Canada. Not anymore. TransUnion data now shows the largest mortgages falling into arrears at more than double the rate of the smallest. The reversal resembles the unwinding of the US housing bubble, when those with supersized mortgages rapidly cracked. Canadian Mortgage Risk Is Usually Concentrated At The […]
Greater Toronto’s real estate rut shows no signs of ending soon. BMO Capital Markets recently shot down the pent-up demand and slowing supply narratives, warning investors the market is filled with supply no one really wants. Toronto Real Estate Weakness Is Being Led By Condos Source: BMO Capital Markets; TRREB. Toronto’s slide continued last month […]
