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 […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Economy Contracted Modestly. Can It Avoid Recession? The Canadian economy kicked off spring with an unexpected contraction, as monthly GDP fell 0.1% in April—below the market consensus for growth. An upward revision to the previous month’s data left output roughly in […]
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 […]
Canada’s real estate industry is a little overenthusiastic about last month’s market data, according to one of the country’s largest banks. A new BMO Capital Markets report explains that weak sales and rising inventory persist, suggesting pricing will remain sluggish in the near term. The bank warned investors that real estate corrections are measured in […]
Canadian real estate’s ice cold summer continued last month. Canadian Real Estate Association (CREA) data shows the price of a typical home (composite benchmark) fell for a sixth consecutive month in May. Weak sales, rising inventory, and economic jitters helped to push prices to the lowest level in 4 years. Canadian Real Estate Prices Fall […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Ontario Unemployment Hits Recession Levels, Driven By Excess Labour: BMO Ontario’s unemployment rate hit 7.9% in May, nearly a point above the national average—a rare level outside of a recession. What’s unusual is the province hasn’t been losing jobs; it’s been adding […]
Canadian households are once again piling on debt faster than their incomes can keep up. Statistics Canada (Stat Can) data shows the household debt-to-income ratio rose in Q1 2025, eroding some of the progress made in previous quarters. While rate cuts initially offered relief, they’ve begun to backfire—fueling borrowing and increasing household vulnerability to economic […]
