Canadian real estate has seen some positive growth but won’t recover to peak valuations for another half decade. That was the take from BMO Capital Markets, who sees demand getting a boost from a few factors including cheaper, easier credit. However, they don’t see home prices returning to their peak until 2029, as a combination […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Top Job Market Is Saskatoon, Toronto Ranks Near Worst: BMO Canada’s biggest city is its top destination for economic migrants, but it’s one of the worst places to actually find a job. BMO Capital Markets released its annual rank of the […]
Canadian real estate in the 2020s is more for seniors than young adults, though it wasn’t always that way. Bank of Canada (BoC) 2024 mortgage data reveals that seniors are more likely to have a mortgage than those younger than 35 years old. Contrasting it with borrower age at origination reveals that those under 35 […]
Canada’s central bank is still trying to reel in the mass liquidity injections it made in 2020. A new report from National Bank of Canada (NBF) explains they see quantitative tightening (QT) making progress in 2025. The Bank of Canada (BoC) policy reverses liquidity introduced during quantitative ease (QE) in 2020, and will raise borrowing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks See Mortgages In Arrears Climb Despite State Intervention Canadian banks are seeing mortgages in arrears climb despite extensive measures to suppress them. Canadian Bankers Association (CBA), an industry-run trade group, data shows that more residential borrowers are falling behind on […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Markets Overheat (Again), Government Cities Tighten Most Canadian real estate markets are starting to heat up (again), but mostly just in government towns. A look at the sales to new listings ratio (SNLR) for major markets across the country […]
Canada’s economy is slowing down and unemployment is rising, but that isn’t slowing credit consumption. Statistics Canada (Stat Can) data shows household debt continued accelerating in October. A combination of lower rates and moral hazard has led to aggressive borrowing, with credit now rising at a faster pace than GDP. It’s a questionable setup when […]
Canada’s weak dollar may be good news for foreign capital but bad news for the cost of living. The loonie has plunged against the US dollar in recent months, and it’s unlikely to improve soon. Currency weakness has been a blow to manufacturers of complex and expensive goods like housing, which have seen input costs […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Loses 1 In 5 Immigrants, High-Skill Labor Most Likely To Flee Canada is world-renowned for its ability to attract immigrants, but few realize how many it fails to retain. A new study found that 1 in 5 immigrants leave for onward […]
Highly indebted Canadian households are seeking a lot more creditor relief than usual. Office of the Superintendent of Bankruptcy (OSB) data shows insolvency filings made a big uptick in September. It was actually such a big uptick that it came in as the third-worst September in at least 40 years. It’s a general trend that’s […]
