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 […]
Sweet, black gold is flowing again, just as Canada hits peak mortgage renewal season. BMO Capital Markets says the recent Hormuz Strait deal is pulling Government of Canada (GoC) bond yields lower, though fixed-rate borrowers may see little of it. The bank says variable rates still look like the better option. Bank of Canada, Government […]
Households saw their net worth rise, but that might be a surprise to them. Statistics Canada (StatCan) data shows household net worth climbed in Q1 2026. Housing even made its first positive contribution in a year. However, rising paper wealth may be overshadowed by weaker household cash flows. Canadian Household Wealth Climbs To $18.6 Trillion […]
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 […]
There may be a perfect storm on the horizon, and it’s leaving Canada’s central bank paralyzed. The Bank of Canada (BoC) held its key interest rate at 2.25%, a widely expected move. They warn that the economy faces slow growth and rising inflation—conditions that resemble a stagflation-like threat. BoC Holds Rates On Stagflation-Like Conditions Surfacing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Taps Leveraged Hedge Funds For Over 40% of New Debt, Warns BoC Canada’s central bank has growing concerns about how the country is financing its debt. In its annual risk report, the Bank of Canada warns that hedge funds are buying […]
Canada’s central bank is concerned about how the country is financing its debt. The Bank of Canada’s (BoC) latest Financial Stability Report flags the growing role of hedge funds in public bond auctions. They now represent over 40% of new Government of Canada (GoC) bond purchases, often financed with short-term loans secured by GoC bonds […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Home Prices Near Record Highs In All But 2 Provinces What Canadian real estate price correction? The price of a typical home across Canada rose 0.3% to $666,400 in April, with prices rising last month in all but one province. The […]
Canada’s central bank is seeing core inflation slow, but borrowing costs aren’t. BMO warns that long-term Government of Canada (GoC) bond yields have just hit their highest level since 2010. BMO points to oil prices as the bond market’s immediate concern. That may be the spark, but Canada’s persistent demand for debt is the bigger […]
Canadian households continue to rack up an epic amount of debt. Statistics Canada (StatCan) data shows household debt continued to climb in March. The record debt rivals the country’s whole output, placing a drag on growth. However, that wasn’t the biggest concern in the latest update—the concentration is. Despite a slow real estate market, households […]
