Rising prices are starting to push inflation to the boundary of the central bank’s comfort zone. Statistics Canada’s (StatCan) Consumer Price Index (CPI) shows growth accelerated in July. The upward pressure is primarily attributed to gas prices, but most components accelerated. The only thing keeping inflation in check is housing, apparently. Canadian Inflation Accelerates To […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Foreign Investment Surge Isn’t Confidence, It’s A Looming Debt Crisis Canada has seen a surge in foreign investment, but is it the vote of confidence reported in the media? The 12-month sum of foreign investment hit $256 billion in May, its […]
Global investment in Canada is surging, but is it a vote of confidence or vultures circling? Statistics Canada (StatCan) data shows foreign investment boomed in May, prompting some outlets to frame the surge as a renewed confidence in Canada. BMO argues the composition tells a very different story. Investors aren’t piling into Canadian companies, but […]
Canadian credit problems continue to emerge, conflicting with the narrative of improvement. Office of the Superintendent of Bankruptcy Canada (OSB) data shows insolvency filings climbed in June. The month marked the sixth straight year of growth, and the second-most filings on record. What Are Insolvencies? Just so we’re all on the same page, let’s talk […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian-Born Wealth Falls Behind Immigrants After Real Estate Bubble Immigrants in Canada are outperforming Canadian-born households on wealth. A new Statistics Canada (StatCan) study divided the two groups into wealth quartiles and found virtually no gap in the upper half, with established […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Are Leaving At A Record Pace—and Half Are From Ontario Immigration caps aren’t the only drag on population—Canadians are leaving too. Emigration, when citizens or PR holders permanently leave, is climbing fast. Most of that outflow is coming from Ontario, where […]
Canadian consumer insolvencies are rising fast, but nowhere are they rising quite like in Ontario. Office of the Superintendent of Bankruptcy Canada (OSB) filings rose in May. They’re rising so fast that Ontario just saw its second-highest number of May filings on record, only behind the 2009 Global Financial Crisis. Ontario Consumer Insolvencies Hit Second-Highest […]
Large institutional investors are an almost insignificant share of Canadian housing. That was the takeaway from a new Statistics Canada (StatCan) report examining the influence of institutional ownership of rentals in 2022. Even more shocking is the agency just discovered that Canadian real estate is the most perfectly competitive market in the world. All they […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Hit 12-Year High, Banks See 2020 Boom Wiped Out The country’s largest banks are seeing more overleveraged borrowers fall behind. The arrears rate rose to 0.28% in April, doubling since September 2022 to a 9-year high for the rate. […]
Sweet, black gold is flowing again, just as Canada hits peak mortgage renewal season. BMO Capital Markets says the recent Hormuz Strait deal is pulling Government of Canada (GoC) bond yields lower, though fixed-rate borrowers may see little of it. The bank says variable rates still look like the better option. Bank of Canada, Government […]
