Canadians are more excited at the thought of cheap credit than actually getting it. Statistics Canada (Stat Can) data shows household credit grew in August—though at a slower rate than the month before. The mild acceleration in borrowing ahead of rate cuts reversed once the actual cuts were made. It potentially serves as a red […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Toronto & Vancouver Are Now The Weakest Real Estate Markets In Canada Toronto and Vancouver are traditionally Canada’s hottest real estate markets, leading the trend. If that still holds true, it might be a problem in the coming months. Experts believed the […]
Canadian housing starts are starting to lose momentum but they remain lofty. Canada Mortgage and Housing Corporation (CMHC) data shows a drop in housing starts for September. Despite the slow month, BMO notes the trend is still moving higher, especially considering the environment. The slowdown is contrary to policymaker efforts to triple new home starts, […]
Canadian real estate demand remains too weak to prevent further declines, but it’s improving. Canadian Real Estate Association (CREA) data shows the composite benchmark (typical) home fell in September. Over the past two years, prices have largely moved sideways as market uncertainty persists. However, price drops were smaller last month, implying the potential for a […]
Canadian inflation is being tamed rapidly, sparking fears that the economy will cool and require stimulus soon. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth fell sharply in September. The slowdown was primarily the result of gasoline, with inflation showing little progress when excluded. However, experts still see this clearing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Needs To Prepare For Bank Runs & Collapses, Warns Former Regulator Canadian banks are world-renowned for their stability. The last bank failure hasn’t occurred since 1996, meaning a whole generation hasn’t seen one. That’s exactly why they should be preparing for […]
Canadian banks have been considered mostly risk-free for a long time, but every streak ends. A former Canadian banking regulator urges the country’s policymakers to prepare for that day while it still can. In a new report from CD Howe, a former OSFI manager urges the country to modernize its banking crisis response and adopt […]
Remember when Canada announced it would establish a Minister of Middle Class Prosperity, only to eliminate the role a few months later? It perfectly foreshadowed the roller coaster the Middle Class is on, according to the latest data on income inequality. Statistics Canada (Stat Can) data released today shows the disposable income gap between Canada’s […]
Canadian real estate markets have yet to see that expected boost from falling rates. Only a handful of markets have already reported September data, but RBC warns the trend continues to show new inventory outpacing sales. Rising inventory and sluggish sales are combining to fuel a downtrend. Despite cheaper credit and lower prices, buyers still […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Just Saw 1 In 20 Businesses Close In A Month, Biggest Wave Since Pandemic Canadian small businesses are struggling to stay above water these days. Roughly 1 in 20 businesses shuttered their doors in June, the largest wave since the pandemic. […]
