Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Went From A Shortage To Surplus, Starts Plunge Canada’s new home starts fell to a SAAR of 245,800 units in August, down 16% from July. But this isn’t a problem of red tape—approved permits hit a record ~350,000 units, […]
Canada’s housing narrative flipped from shortage to surplus faster than you can say “speculative bubble.” Desjardins economist Kari Norman notes that new housing starts fell sharply last month, while new homebuilding permits hit a record—demonstrating red tape isn’t the problem. Meanwhile, the number of newly completed but unsold homes is the highest in a generation. […]
The Bank of Canada (BoC) is betting on cheaper credit reviving a slowing economy further hit by trade shock. It cut the overnight rate at today’s meeting, a move widely expected as exports fall, investment retreats, and the labour market softens. The central bank hopes easing will support demand and jumpstart investment—but does history support […]
The Canadian economy is cooling but inflation accelerated as the base effect from gasoline faded. Statistics Canada (StatCan) data shows CPI accelerated in August, with core measures still running hot and shelter costs returning to breakneck growth. That puts the Bank of Canada (BoC) in a tricky situation at the upcoming rate announcement, as it […]
Canadian real estate showed minor improvement in August but remains far from normal. Existing home sales rose slightly, according to data from the Canadian Real Estate Association (CREA). However, the increase wasn’t enough to offset a record number of new listings, helping drive the sharpest monthly price drop in over a year. Canadian Real Estate […]
Canadian banks are seeing mortgage arrears rates climb to multi-year highs, according to the Canadian Bankers Association (CBA). Historically, the Big Six banks are known for their low-risk approach, but recent regulatory filings show that most now have much higher mortgage arrears. The unusual skew is far from over, with most banks also reporting faster […]
Canadian households are once again piling on debt faster than their incomes can keep up—if they ever stopped. Statistics Canada (StatCan) data show the household debt-to-income (DTI) ratio climbed for a third straight quarter in Q2 2025. It’s still below the 2021 peak, but that drop has less to do with deleveraging and more to […]
Canada’s real estate market finally got some good news—cheaper financing may be coming. The Bank of Canada (BoC) will cut rates three times before the traditionally busy Spring real estate market, according to a report from BMO Capital Markets. The recent labour market erosion has the market fully pricing in the first cut within the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Is Crashing At One of The Fastest Rates Ever Canadian real estate is in the middle of one of the sharpest corrections on record. Real home prices have dropped 24.2% since Q1 2022, making it the second-deepest decline ever, […]
The Canadian economy was cruising smoothly until this year, but its landing is now looking choppy. National Bank of Canada (NBF) economists are warning investors that the economy slipped into excess supply in Q2. The Big Six bank sees this problem continuing into Q3 with job creation drying up, GDP contracting, and investment fleeing into […]
