Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Can Diverge From The Fed, But We Doubt It: BMO Canada’s monetary policy typically follows the US, but it may no longer be able to keep up. The US economy continues to show strong growth, potentially requiring even […]
The American and Canadian economies usually move in lock step, and generally so does policy. That’s changing, as the US continues to show robust growth despite higher rates, while Canada’s economy won’t budge. As a result, many believe the Bank of Canada (BoC) may have to make what’s thought to be an unusual move—diverge from […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Weakness Might Be Overstated Canada’s labor market is weakening, but the weakness may be greatly overstated. Experts argue that post-recession, seasonal consumption patterns change in a way that is hard to measure until after the fact. As a result, even […]
The Canadian labor market is slowing but it may not be as slow as many have concluded. Statistics Canada (Stat Can) data shows the country added thousands of jobs in October. It just wasn’t enough to prevent unemployment from rising. Labor market erosion is almost a certainty, but post-recession seasonal adjustments amplify movements. As a […]
If photos of policymakers in construction vests were new homes, Canada’s housing supply would be booming. Unfortunately, that’s not the case. BMO Capital Markets is warning investors that residential construction investment is plummeting. The drop may indicate the slowdown in new homes could drop even further in the near-future. The bank quips, perhaps the government […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Most of Canada’s New Condos Are (Still) Investor Owned: Stat Can Statistics Canada’s Canadian Housing Statistics Program (CHSP) released data showing most new condos are investor owned. The organization stated the data is increasingly important amidst public discussion about affordability. Ownership concentration […]
Real estate speculation is a national sport in Canada, but it may have gone over the line. The Statistics Canada (Stat Can) Canadian Housing Statistics Program (CHSP) released data showing the share of newly constructed condos owned by investors in 2021. The data reveals that most units are investor owned, amplifying concerns of financialization and […]
Canadian real estate markets that are suddenly well supplied are about to get more inventory. Canada Mortgage and Housing Corporation (CMHC) data shows new housing starts climbed in September 2023. The rise in starts is good news for housing supply, but may not be great news for investors. Existing inventory for sale has climbed to […]
The Canadian economy is slowing and that’s helping to moderate price growth. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) decelerated in September 2023. Inflation remains elevated but it’s still slowing down. That’s good news for those fearing rate hikes, but slowing demand and fading economic growth is still far from good […]
Canadians were planning a flurry of real estate activity just a few months ago, but risk happens fast. The Bank of Canada (BoC) Survey of Consumer Expectations show households have planned less housing activity in Q3 2023. Despite a booming population, fewer people plan to buy or sell a home—or even move. Fewer Canadians Are […]
