Canadian housing starts are soaring—even as demand crashes, especially in major markets. CMHC data shows new home starts climbed in June, hitting one of the highest levels in years. That may seem like a shift in market confidence, but BMO is warning it’s anything but. Developers are pivoting into rentals as homebuyers retreat, with a […]
Canada isn’t just seeing citizens flee in record volumes, capital is fleeing too. Statistics Canada (Stat Can) data shows a net outflow of $16.2 billion from securities in May, marking a fourth month of capital flight. Despite the TSX’s stellar recent performance, investors are reducing exposure and sending more capital abroad. Canada Saw $16 Billion […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate How Canada’s Slowing Population Growth Is Fixing The Job Market Canada was warned that slowing population growth would hurt its economy—but it might be helping. Its rising unemployment rate wasn’t the result of job losses, but the inability for the market to […]
Canada’s fiscal picture is getting “cloudy,” warns BMO. The bank’s latest report flags ballooning spending, soft revenues, and trade war uncertainty as key risks facing the economy. BMO estimates the deficit could reach as high as $80 billion this year—far higher than official forecasts. A slower rollout of election promises might ease the blow, but […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Most Affordable In Years, Still Near 90s Bubble Peak: RBC Canadian real estate is the most affordable in 3 years, but it remains at one of the worst levels in history. A new report from RBC shows that a […]
Canadian real estate is the most affordable it’s been in three years—but that isn’t saying much. RBC data shows ownership costs have eased, though it forecasts improvements stalling soon and affordability worsening next year. Even with affordability at its best, it would only be a slight improvement over the peak of the 1990s real estate […]
The Canadian economy’s luck in the face of a trade war is fading, but has it run out? Statistics Canada’s (Stat Can) monthly gross domestic product (GDP) release shows output made a moderate contraction in April. Despite the economy being weaker than expected, experts are split on whether the country will avoid a recession—or whether […]
Canadian inflation is cooling but remains hot enough to stop further rate cuts. Statistics Canada (Stat Can) data shows the headline consumer price index (CPI) stalled in May. That would typically be good news—if not for rising risks that inflation could accelerate again. In response, RBC believes the central bank’s easing cycle is over, and […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Now Building 2 Homes Per Person Added To The Population Canada’s housing supply shortage may be resolved a lot faster than policymakers anticipate. The country started construction on more than 2 homes per person added to the population in Q1 […]
The Canadian condo slump continues as weak demand and rising inventories erode prices. Canadian Real Estate Association (CREA) data shows the price of a benchmark (typical) condo apartment fell for a 19th consecutive month in May. Despite a smaller correction than the broader market, prices are now at the lowest since 2021. Canadian Condo Prices […]
