Canada’s real estate correction has largely been concentrated in one province, but that may change soon. Canadian Real Estate Association (CREA) data shows prices fell in September. All but one province moved lower, with BC going from resilient to leading the way lower in the past year. Other provinces, some of which hit record highs […]
Canada’s real estate industry often argues the central bank should ignore shelter inflation and keep rates low to boost supply. A new Bank of Canada (BoC) staff paper tests both claims, and neither holds up as a blanket rule. The researchers find that ignoring shelter inflation during a demand-driven boom is destabilizing to the economy […]
Oxford Economics expects Canadian home prices to fall further as rising mortgage rates, weak hiring, and stretched valuations weigh on demand.
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Lost 110,000 Jobs Over Two Months, Wiping Out 2026 Gains The narrative of Canada’s resilient job market has flipped in just two months. Employment fell by roughly 70,000 jobs in September, totaling a drop of 110,000 since August. The two-month slump […]
Rental prices in Canada have been driven by more than just population growth. A new Bank of Canada (BoC) research paper breaks down the factors that can explain the recent surge in 1 bedroom rents from 2020 to 2026. They found that financing costs made a big contribution to higher rents, especially when rates began […]
Canadian home prices climbed for the first time in a little over a year, according to Bank for International Settlements (BIS) Q2 data. Adjust for inflation, however, and the brief gain disappears. Real home prices fell further, reaching their lowest level in nearly a decade—but that doesn’t mean buyers are finding 2016-era affordability. Canadian Home […]
Households continue to buckle under the weight of their supersized mortgages. That’s the takeaway from the Canadian Bankers Association (CBA) mortgage data for July. The data shows banks have seen the number of mortgages in arrears hit a 12-year high. At the same time, the size of their books is shrinking as banks fail to […]
Canadian households may not acknowledge it publicly, but they’re falling behind. Bank of Canada (BoC) research shows incomes beat inflation from 2020 to 2025. But the researcher warns there’s a catch, as the average often cited by policymakers is an average. Most households didn’t beat inflation, and are now racking up debt every year to […]
Remember when experts blamed Millennial home buying woes on avocado toast? Well, in Canada, Millennials now need help buying regular toast. Ditto with Gen Z, according to a new RBC survey. The bank found that most parents are providing some form of financial help to their adult children between the ages of 18 and 40. […]
Households are on a borrowing spree, but mortgages are no longer the weapon of choice. Statistics Canada (StatCan) data shows household credit hit a new high in July. Mortgages continue to represent the lion’s share of debt, but growth is slowing to one of the weakest levels in a generation. Meanwhile, consumer debt continues to […]
