Canada just entered a technical recession, but it’s also apparently in the middle of a hiring boom? Statistics Canada’s (StatCan) Labour Force Survey (LFS) shows a sharp climb in employment in May. In fact, it marks the third-most jobs added to employment outside of the pandemic recovery. That doesn’t quite jibe with the recession and […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Developers Set A Record For Completed & Unsold New Homes Canadian real estate developers are sitting on a glut of completed and unsold homes. Builder inventory surged to 19,536 unabsorbed new homes in April, up 36% from last year and triple […]
Canadians are suddenly facing one of the toughest job markets in months. Statistics Canada (StatCan) data shows the unemployment rate climbed to a 7-month high in April, but the real story is how the map is flipping. Traditional job engines like Ontario now rank among the worst in the country, while provinces long written off […]
Canada’s job market saw its footing slip last month. Statistics Canada (StatCan) data shows the unemployment rate hit a 7-month high in April. That’s unlikely to surprise those who anticipate layoffs as a result of the trade war. However, with a layoff rate consistent with the average in the 2010s, the data doesn’t fit the […]
Canada’s seemingly stable jobless rate is hiding widening disparities among cities (and provinces), according to BMO Capital Markets. The bank’s latest Labour Market Performance Ranking shows job markets in Western Canada are largely improving, while Eastern Canada—Southern Ontario in particular—dominates among the worst-performing cities. The bank warns this divergence won’t be resolved any time soon, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Mortgage Delinquency Surge Now Resembles US Housing Crash Canadian mortgage delinquencies are climbing in an unexpected segment. Mortgages over $850k hit a 0.52% delinquency rate in Q3 2025, more than double the 0.24% rate for mortgages under $200k. Over two years, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Long-Term Unemployment At ’90s Levels, 6 Months To Find A Job Canadians may want to put aside more savings, just in case of job market disruption. Nearly 1.5 million people were unemployed in January, while job vacancies continue to grind lower. […]
The Government of Canada is aggressively reducing its workforce, but it should consider the environment it helped create. It’s taking workers much longer to find a job, according to January data from Statistics Canada (StatCan)—which was also just directed to slash 1 in 10 of its own jobs. The share of workers now considered long-term […]
Canada’s central bank just told business leaders to prepare for economic pain that will outlast most of them. Bank of Canada (BoC) Governor Tiff Macklem declared the country’s old economy dead last Wednesday in Toronto, warning of “painful” and permanent restructuring that will take decades. He’s advocating for big gambles he admits may not work, […]
Out with the new, in with the old? Canada’s job market looked stable in December, but the details tell another story. Statistics Canada’s (StatCan) Labour Force Survey shows flat headline employment, but the composition is shifting fast. Older workers and publicly-funded, non-market sectors are seeing substantial gains. Meanwhile, youth and market-based private sector jobs are […]
