Weak Canadian Home Sales Are Dragging Future Building Intentions 

Canada’s real estate slowdown is still trickling into other data points, like future building. Statistics Canada (Stat Can) data shows the value of building permits fell in December. Weak home sales and higher rates are dragging builder intentions from record levels. However, the intentions remain historically high, especially compared to pre-pandemic volumes.  Canadian Building Permits […]

Canada’s GDP Growth Is Slowing, Failing To Keep Up With Population Boom

Canada’s economy is still cranking out growth, but the details aren’t encouraging. Statistics Canada (Stat Can) data shows higher-than-expected gross domestic product (GDP) growth in November. It was positive news, but economists remain cautious and warn that consumers are weakening. GDP growth couldn’t even match the robust population growth, reinforcing slowdown concerns. Canada’s Economy Is […]

This Week’s Top Stories: Canadian Real Estate Prices Rise Sharply In Some Markets, BoC Sees Further Declines

Time for your cheat sheet on this week’s top stories. Canadian Real Estate What Canadian Real Estate Correction? Detached Market Surges Up To $52k Higher Canadian real estate is showing signs of a firming market. The price of a typical single-family home across Canada fell 1.2% to $748,800 in December. Five markets bucked the trend, […]