Canadian real estate prices made the sharpest climb in history. Bank for International Settlements (BIS) data shows it’s following with the sharpest drop. Home prices fell further in Q1 2026, with inflation doing even more damage. Inflation-adjusted home prices are now back to 2016 levels, and may go even lower. Canadian Home Prices Now In […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Affordability Best In 4 Years, Still At 90s Bubble Levels: RBC Canadian housing affordability is the best it’s been in the past 4 years, but that’s not as great as it sounds. RBC estimates a median household needs to spend 53% […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Hit 12-Year High, Banks See 2020 Boom Wiped Out The country’s largest banks are seeing more overleveraged borrowers fall behind. The arrears rate rose to 0.28% in April, doubling since September 2022 to a 9-year high for the rate. […]
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 […]
