Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Is The Fastest Falling In The G7, Remains Frothy Canadian real (inflation-adjusted) home prices fell 2.1% in Q4 2025, bringing the decline from their 2022 peak to 28.4%. The correction is the sharpest among G7 countries, after Canada led […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian-Born Wealth Falls Behind Immigrants After Real Estate Bubble Immigrants in Canada are outperforming Canadian-born households on wealth. A new Statistics Canada (StatCan) study divided the two groups into wealth quartiles and found virtually no gap in the upper half, with established […]
Canadian households are still borrowing at an elevated pace, but it’s not for housing this time. Statistics Canada (StatCan) data shows household credit climbed in May, growing at its fastest pace in well over a year. Despite mortgages representing the majority of debt, the segment continued to slow after a premature cycle peak. Consumer credit […]
Canadian inflation is slowing, but those living outside Ottawa’s models may struggle to feel relief. Statistics Canada’s (StatCan) latest Consumer Price Index (CPI) shows growth decelerated in June, largely due to gasoline and shelter. In reality, gas prices remain more than 20% higher than last year, while shelter’s slowdown is driven by modelled ownership costs—not […]
Canada’s economy looked like it was booming. Then slower immigration made it difficult to maintain that illusion. Economists at BMO Capital Markets challenged the narrative that population growth fuels economic growth. Looking at over 50 years of data, the bank warned investors there’s zero correlation between population and economic growth. The manufactured boom briefly provided […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Correction Is Now The Largest In History The Canadian real estate correction is now the largest in history, according to BIS data. Data from the organization known as the “central bank for central banks” shows Canadian home prices have […]
Canadian consumer insolvencies are rising fast, but nowhere are they rising quite like in Ontario. Office of the Superintendent of Bankruptcy Canada (OSB) filings rose in May. They’re rising so fast that Ontario just saw its second-highest number of May filings on record, only behind the 2009 Global Financial Crisis. Ontario Consumer Insolvencies Hit Second-Highest […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Hit 12-Year High, Banks See 2020 Boom Wiped Out The country’s largest banks are seeing more overleveraged borrowers fall behind. The arrears rate rose to 0.28% in April, doubling since September 2022 to a 9-year high for the rate. […]
Canadian mortgage debt has seen explosive growth return, but banks aren’t seeing the benefit. Canadian Bankers Association (CBA) data shows the arrears rate in April was the highest for the month in 12 years. Mortgages in arrears—at least 90 days past due—have nearly doubled to the highest level in over 12 years. Meanwhile, their mortgage […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Insolvencies Surge To Second-Highest Level On Record Canadians filed 13,010 insolvencies in April, a 17-year high for the month, only surpassed by April 2009. Consumers drove the growth with 12,580 of those filings, 8% higher than the amount last year. Business […]
