Canadian mortgage debt is growing at a healthy pace—but it doesn’t mean what it usually does. Statistics Canada (StatCan) data shows household mortgage debt rose sharply in October, marking the biggest increase for the month in years. The growth rate has now returned to normal levels, but the underlying composition of that demand is anything […]
The Canadian real estate affordability crisis has eased—but housing is still far from affordable. RBC data shows Q3 2025 marked the seventh consecutive quarter of housing affordability improvements. Despite the persistent trend, affordability remains just slightly better than the peak of the 1990s real estate bubble. RBC warns that with rate cuts unlikely in 2026, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Flee In Record Volumes—A Warning Seen Only Twice Before Canadians are heading for the exit in the highest volumes on record. Emigration, the act of citizens or permanent residents leaving the country, hit 120.4k people in the 12 months ending in […]
Canadian inflation has been driven by two key pressure points in recent years: shelter and food. Statistics Canada’s (StatCan) data shows shelter inflation is finally cooling, helping to keep the Consumer Price Index (CPI) stable in November. But BMO Capital Markets is warning investors that the other half of the problem is flaring up again—food […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Rates Set To Surge With Global Bond Yield Repricing Canada’s real estate industry is watching the overnight rate, but it should be paying attention to bond yields. Mortgage rates are priced off credit benchmarks of similar maturities, and the Bank […]
The Canadian real estate industry may focus on rate decisions, but the mortgage industry is watching bond markets. The Government of Canada’s (GoC) 5-year bond yield—a key benchmark for fixed-rate mortgages—has surged in recent weeks, pushing borrowing costs higher instead of providing relief. The move reflects rapid market repricing, driven by stronger economic data and […]
Canada’s central bank delivered a harsh reality check for real estate bulls hoping for cuts. The Bank of Canada (BoC) held its overnight rate at 2.25% this morning, citing recent revisions to economic data that show the economy is doing better than expected. However, they view the broader economy not as a typical business cycle […]
Global household debt is falling, but Canada is bucking the trend—and it’s not good news. The Institute of International Finance’s (IIF) latest update shows global household debt-to-GDP fell in Q3 2025, continuing a general trend since the financial crisis. BMO Capital Markets warns Canada is one of the few exceptions, with its households now the […]
Canadian real estate investors may be a bigger problem than even the most aggressive assumptions. New data from Statistics Canada’s (StatCan) Canadian Housing Statistics Program (CHSP) shows investors captured a greater share of the total housing stock in most provinces in 2023. That isn’t surprising, but the math for that to work out is: Investors […]
One of Canada’s biggest drivers of inflation is overstated, according to a Big Six bank. A new report from CIBC Economics warns investors that official CPI rent inflation overstates growth. This implies the Bank of Canada (BoC) may be keeping rates higher than needed. It’s a disturbing argument with one problem: It’s not clear if […]
