The Canadian economy is booming and inflation remains lofty, according to the central bank. The Bank of Canada (BoC) held its key policy rate this morning, matching market expectations. The BoC defended its decision based on strong GDP growth and elevated inflation. However, the Governor warned that high energy prices and trade turmoil may trickle […]
The bill for Canada’s housing bubble is finally landing, and many can’t afford to pay it. TransUnion credit data shows consumer credit is expanding aggressively in Q2 2026. The growth isn’t due to confidence-inspired borrowing, but existing borrowers looking to offset their rising cost of living. The result is rising mortgage delinquencies for those who […]
The Canadian economy is doing better than many had anticipated, but it’s far from a strong economy. Statistics Canada’s (StatCan) Survey on Business Conditions shows strong optimism in Q3. However, that optimism isn’t driven by growth in sales or operations, but the hope that things won’t get worse. Canadian Businesses Are Optimistic, But Few Expect […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Bubble: First-Time Buyers Need To Be Among Top Earners First-time home buyers need to be among the wealthiest households in Canada. That’s the take from new Statistics Canada (StatCan) data revealing their income. The agency’s data reveals these buyers […]
Canada’s banks just saw the first improvement in missed mortgage payments in nearly a year and a half. Canadian Bankers Association (CBA) data shows the mortgage arrears rate fell in June. While not much of a reduction, any signs of stabilization are welcome. Unfortunately, it’s not clear that is what’s actually happening here. The improvements […]
Huzzah! Have you heard the good news? A Big Six bank has declared the bottom of Canada’s real estate markets. RBC announced the bottom of the market in its August update, turning the industry into messengers of the prophet on social media. It’s unclear why it’s caught steam this time around, as the bank first […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Research Warns Rate Cuts Can Worsen Housing Affordability Bank of Canada (BoC) researchers studied the impact of rate cuts on housing. They found that rate cuts boost buying immediately, with demand rising for up to 24 months. New supply […]
A new independent staff study from Canada’s central bank aims to help clarify the impact of low rates on housing. Bank of Canada (BoC) researchers found that supply and demand both get a boost with rate cuts. Demand responds almost immediately, but supply follows nearly two years later. If affordability is the goal, monetary policy […]
The great Canadian borrowing binge continues, but it’s not for mortgages. At least, not entirely. Statistics Canada (StatCan) data shows household debt grew in June, but not as fast as usual. Mortgage credit is weighing down growth as it decelerates post-low rate boom. It’s consumer credit that’s booming, a trend the industry attributes to a […]
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 […]
