The Bank of Canada (BoC) left its key overnight rate unchanged at 2.25% at this morning’s rate announcement. The move was expected, but the housing downgrade in the BoC’s April Monetary Policy Report (MPR) is the real story. Housing received the largest negative revision in the 2026 GDP breakdown, and is expected to weigh on […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks See Mortgage Arrears Surge 89% From Record Lows Canada’s banks are seeing mortgage arrears climb at an unusual pace. The arrears rate reached 0.28% in February, up 5 basis points from last year and driven by the volume of past […]
Canadian businesses were bracing for elevated inflation—then the Iran War broke out. Now they’re doubting the Bank of Canada’s (BoC) ability to contain inflation, according to the Q1 2026 Business Outlook Survey. The central bank’s survey reveals firms are preparing for 5 years of elevated inflation. Canadian Businesses Expected Inflation To Surge Before Latest War […]
Canadian inflation readings are surging, a trend that’s just getting started. Statistics Canada’s (StatCan) Consumer Price Index (CPI) surged in March. The surge is largely attributed to energy prices, which had been dragging growth due to a base effect. A base effect that was set to expire in April, and set to compound with soaring […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Industry Cuts Forecast, Prices To Stagnate 2 More Years Canada’s real estate industry is tempering its expectations after a weak Q1. CREA sees 2026 home sales just 1% higher than 2025, slashing its 5.1% growth forecast from January. Falling […]
Canadian builder intentions are slipping even as policymakers throw tens of billions in stimulus at construction. Statistics Canada (StatCan) data shows building permit values fell sharply in February, with only residential intentions posting a modest gain that still translated into fewer homes planned. Meanwhile, non-residential permits fell abruptly, pointing to weaker investment appetite beyond the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Variable-Rate Mortgages Surge As BoC Recreates Renewal Trap Canadian banks advanced $38.3 billion (+3.3% y/y) in uninsured mortgages in January, the largest for the month on record. But this wasn’t fresh demand—it was a wave of renewals arriving five years after […]
Canadian borrowers are aggressively returning to variable-rate loans after hitting record lows just a few years ago. Bank of Canada (BoC) data shows uninsured mortgage funds advanced—cash lenders provide for originations, renewals, and refinancing—hit a new peak in January. While the overall funding reached a monthly high, annual growth is slowing, masked by some of […]
Canadians said goodbye to lower gas prices and hello to higher inflation last month, as the Iran War shocks global oil markets. Gas prices made the sharpest surge on record in March, according to BMO Capital Markets. The bank warns this will drive the Consumer Price Index (CPI) much higher, even before considering the spillover […]
Canadian economic output was set to slow down, but the country showed surprising growth in January, according to Statistics Canada (StatCan). Real gross domestic product (GDP) beat analyst expectations with minor growth, avoiding a “technical recession,” though economists warn the impact of higher energy prices due to the Iran war has yet to be determined. […]
