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 […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Climb To Highest Since 2020 Canada’s largest banks are seeing more mortgage stress than typical these days. The CBA’s mortgage arrears rate climbed to 0.24% in September, up 4 basis points from last year and 10 basis points from […]
The Canadian labour market was booming last month—at least when it came to statistical modeling. Statistics Canada’s (StatCan) latest Labour Force Survey (LFS) shows 5-digit job growth and a plunging unemployment rate in November. Reality is a little different, as most benefits only exist in the statistical model. The gap between headline reports in the […]
Canadian real estate investors (and the affordability advocates who hate them) may want to take note: soaring rents are no longer being driven by big cities. Statistics Canada (StatCan) data shows one-bedroom rents in Q3 2025 are falling in high-cost markets like Toronto and Vancouver, while cheaper cities are seeing the fastest growth. It’s a […]
