A record number of Canadians are collecting unemployment benefits. Statistics Canada (Stat Can) data shows claims for regular employment insurance (EI) benefits in November. Unadjusted claims for the month came in at a record high for the data set. While it’s a historic surge, it was largely expected due to changes in the qualifying criteria. […]
Toronto’s millennials, and their kids, are moving to other parts of the province. Statistics Canada (Stat Can) data shows Toronto printed another net loss for intraprovincial migration in 2020. Tens of thousands more people left for other parts of the province than arrived. The trend of losses has been consistent for years, but ramped up […]
Canada’s largest real estate markets aren’t even close to seeing employment recover. Statistics Canada (Stat Can) data shows the number of employed people in the country slipped in December. The largest real estate markets moved in various directions last month. However, all have significantly fewer jobs than they did last year. Canadian Employment Slipped Lower […]
Canadian real estate agents must be looking forward to a very jolly Christmas. Statistics Canada (Stat Can) data shows ownership transfer costs, which are primarily sales commissions, reached a record high in Q3 2020. The rate of growth for the segment is now growing 11x faster than GDP. About The Data Today we’re looking at […]
The pandemic is taking its toll on businesses, but to what extent is still pretty much a mystery. Statistics Canada (Stat Can) data recently released, shows monthly store closures made a sharp decline in July. Store closures in this case are defined as businesses that had employment the previous month, but didn’t in the reported […]
Canada’s largest city has claimed the top spot for the rate of people in poverty, across the country. Statistics Canada (Stat Can) data released this morning shows a drop in at least one measure of poverty across the country. As expected, the drop was uneven though, with some of Canada’s major cities seeing a sharp […]
The unemployment shock from the pandemic is still working its way around the country. Government of Canada (GoC) data shows Canada Emergency Response Benefit (CERB), the unemployment benefit sparked by widespread workplace closures due to the pandemic, is seeing new applications slow in growth as of the week of August 2. The economy is starting […]
Millions of Canadians are still on the government’s emergency income benefit. Government of Canada (GoC) data shows a small drop in users of the Canada Emergency Response Benefit (CERB) by July 5th. Though there was a drop, about one in five Canadians are still using the benefit. Here’s how these numbers break down per province. […]
Canadian employment numbers climbed, but not all regions were so lucky. The Statistics Canada (Stat Can) Labour Force Survey (LFS) shows the number of people employed made the first post-pandemic increase in May. Despite the increase in jobs, the rate of unemployment climbed even higher as more people began searching for work. This trend was […]
Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices Could Drop Up To 30%, Moody’s Advises Institutions Deep pocketed investors and institutions were advised Canadian real estate prices will fall. Moody’s, one of the world’s largest risk organizations, published their economic forecast. In the baseline forecast, […]
