Earning a healthy, middle-class income? Good for you, but odds are slanted against you when it comes to ever owning a home in Canada these days. Statistics Canada’s Canadian Housing Statistics Program (CHSP) looked at first-time buyer incomes. The data shows that first-time buyers had much higher incomes than the median household. The problems extend […]
Canadian household debt is throwing out more concerning data points. Equifax data shows non-mortgage credit grew in Q2 2026—both balances and delinquencies. Ontario is leading the erosion, with missed payments rising at double the average. Meanwhile, New Brunswick is leading for credit growth, but it showed limited payment stress. There’s a good reason for this […]
Huzzah! Have you heard the good news? A Big Six bank has declared the bottom of Canada’s real estate markets. RBC announced the bottom of the market in its August update, turning the industry into messengers of the prophet on social media. It’s unclear why it’s caught steam this time around, as the bank first […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Research Warns Rate Cuts Can Worsen Housing Affordability Bank of Canada (BoC) researchers studied the impact of rate cuts on housing. They found that rate cuts boost buying immediately, with demand rising for up to 24 months. New supply […]
The great Canadian borrowing binge continues, but it’s not for mortgages. At least, not entirely. Statistics Canada (StatCan) data shows household debt grew in June, but not as fast as usual. Mortgage credit is weighing down growth as it decelerates post-low rate boom. It’s consumer credit that’s booming, a trend the industry attributes to a […]
Canada’s real estate markets gave back some of the progress made earlier this year. Canadian Real Estate Association (CREA) data shows fewer home sales in July. Reduced activity combined with already lofty inventory levels to produce the sharpest monthly price drop year-to-date. Canadian Home Prices Make Sharpest Monthly Drop Since December Canadian residential real estate: […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Foreign Investment Surge Isn’t Confidence, It’s A Looming Debt Crisis Canada has seen a surge in foreign investment, but is it the vote of confidence reported in the media? The 12-month sum of foreign investment hit $256 billion in May, its […]
Canadian housing affordability continues to improve, but it remains far from affordable. National Bank Financial’s (NBF) Housing Affordability Index improved in Q2 2026. The bank’s data shows a record-long streak of improvements hasn’t put any markets within reach. Buying a typical home requires a household income nearly double the median, rising to over a quarter-million […]
Canadian insolvency filings have been surging, but it doesn’t really matter. That was the take from BMO Capital Markets, which dismissed the issue due to population growth. In a note to investors, the bank explained the per capita trend remains healthy. There’s just one problem—their take makes no sense. Canada Has Near-Record Insolvencies. Does It […]
Global investment in Canada is surging, but is it a vote of confidence or vultures circling? Statistics Canada (StatCan) data shows foreign investment boomed in May, prompting some outlets to frame the surge as a renewed confidence in Canada. BMO argues the composition tells a very different story. Investors aren’t piling into Canadian companies, but […]
