Canada’s central bank is “chasing its tail,” warns a new Bank of Canada (BoC) staff paper. The researchers studied the impact of including mortgage interest in the Consumer Price Index (CPI), discovering the circular logic. The BoC sets interest rates based on CPI, but CPI includes mortgage interest costs driven by those very rates. As […]
Canadian real estate affordability is improving at a record pace—after collapsing at one too. National Bank Financial’s (NBF) Housing Affordability Index shows affordability across the country improved for an 8th consecutive quarter in Q4 2025. The bank’s data reveals meaningful progress, but the core problem remains: Home prices are still deeply unaffordable, even after the […]
Canadian renters are seeing an improvement after years of hikes, but it’s a bit of a lottery. A new Rentals.ca report shows the gap between asking rental prices and incomes has steadily improved since peaking in early 2023. However, Alberta is the only province considered affordable—defined as the median household spending 30% or less of […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Delinquencies Just Made A Rare, Historic Jump Canadian banks are experiencing a sudden and abrupt climb in mortgage delinquencies—again. Banks reported the arrears rate climbed 1 basis point to 0.26% in December, the highest since June 2020. However, the key […]
Canada’s banks are still discovering the extent of the mortgage leverage problems their customers face. Canadian Bankers Association (CBA) data shows the mortgage arrears rate climbed in December, hitting a nearly 5-year high. The rate was driven by an abnormally large monthly jump in mortgages entering arrears. Canadian Mortgage Arrears Rate Approaches 5-Year High CBA […]
Canada’s non-partisan numbers watchdog expects policymakers to hit their immigration goal… sort of. A new report from the Parliamentary Budget Officer (PBO) shows Ottawa will hit its temporary resident reduction target. The analysis also reveals it’s being met by delaying implementation and reclassifying 148,000 temporary residents. The latest update presents a plan that prioritizes the […]
Canada is seeing its total active business count hold firm, but a dramatic recomp is happening. Statistics Canada (StatCan) data shows active businesses climbed in November, even if it was a minor advance. Looking past the headline data, there are a few more problems that may not be obvious at first—such as the reliance on […]
Official data tells a story of cooling inflation and strong wage growth, but consumers aren’t buying it. TransUnion’s latest Consumer Pulse survey finds most Canadians say they did better than expected in Q4 2025, but the mood is turning fast. Near-term optimism is sliding, while more households see their finances eroding this year. The credit […]
Following one of the weakest years on record, Toronto developers just had the worst start to a year ever.BILD GTA and Altus Group data show Greater Toronto new home sales slipped lower in January, making it the weakest on record. The pullback in inventory was met with an even larger drop in sales, leaving the […]
Canada’s largest housing markets just added another entry to their growing list of warning signs. New CMHC and TransUnion data shows mortgage delinquency rates in Toronto and Vancouver climbed in Q3 2025. Vancouver’s rate has more than doubled from its 2022 record low, though it remains below the national level. Toronto wishes its rate only […]
