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 […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Public Spending Spree Means Higher Mortgages For Longer A new National Bank of Canada (NBC) report confirms what most already know—government spending is spiralling. Government “investment” has grown at 3.5% annually over the past three years, over double the 1.7% rate […]
Canada is using public spending to mask private sector weakness, and the bill won’t stop at taxes. A new National Bank of Canada (NBC) report warns public investment is growing at over twice the rate of overall GDP. It’s also fueling more borrowing, lifting the benchmark rate that impacts borrowing costs for everything from government […]
Toronto real estate’s downturn continued last month, showing few signs of improvement. Toronto Regional Real Estate Board (TRREB) data shows home prices made a minor increase in February. Despite the mild bump, sales slipped to one of the lowest levels on record, while robust inventory continued to stagnate in the market. Toronto Real Estate Prices […]
