Canadian banks aren’t just seeing delinquencies rise—they’re losing market share. Canadian Bankers Association (CBA) data shows the arrears rate was unchanged in March. Delinquent mortgages stalled at one of the highest levels in a decade, after doubling from 2022 lows. However, the big story last month was the drop in the number of mortgages held […]
The Canadian real estate affordability crisis has eased—but housing is still far from affordable. RBC data shows Q3 2025 marked the seventh consecutive quarter of housing affordability improvements. Despite the persistent trend, affordability remains just slightly better than the peak of the 1990s real estate bubble. RBC warns that with rate cuts unlikely in 2026, […]
Canada’s central bank projected an “everything is under control” attitude at last month’s announcement. The Bank of Canada (BoC) governor even shifted the conversation from threatening rate hikes, to discussing when the next cuts are coming. All of that confidence was absent from the Governing Council’s summary of deliberations. The notes show the council is […]
More Canadians are working at home and realizing their home doesn’t have to be in the same province. Statistics Canada (Stat Can) studied people working from home for an employer in another province in Q1 2022. The agency found the trend is surging in growth, as remote work becomes more common. Distant suburbs of cities […]
