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 […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Nears End of 60-Year Cycle—Transit Use Is The Risk Sign The decline of public transit use in Canada is a bigger sign than many realize. Since 2020, revenues have returned to normal but ridership hasn’t recovered—even with the addition […]
The Canadian economy expanded faster than analyst forecasts, but it isn’t what it seems. Statistics Canada (StatCan) data shows Gross Domestic Product (GDP) saw unusually large growth in Q3. It sounds like good news, but diving into the data revealed the surge was entirely due to superficial accounting mechanics. Compounding the problem further—the agency warns […]
Canadian Parliament is floating longer mortgages as a housing fix—but does it actually improve affordability? An update from the Parliamentary Budget Officer (PBO) finds that stretching amortizations from 25 to 40 years lowers monthly payments, but borrowers end up paying 75% more in interest. The non-partisan agency also warns the analysis doesn’t account for broader […]
Greater Toronto’s new home market took another hit as weak demand met falling-but-still-lofty prices. BILD GTA and Altus Group data show prices slipped in October—but not enough to draw buyers off the sidelines. Sales fell to a record low for the month, while inventory hovered near multi-year highs. The gap between what’s for sale and […]
