Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks See Mortgage Delinquencies Hit 2015 Recession Levels Canadian banks rarely see mortgage delinquencies surge, but they are now. The CBA national arrears rate climbed to 0.27% in January, the highest level since 2017. The banks held 13,422 mortgages in arrears […]
Canadians said goodbye to lower gas prices and hello to higher inflation last month, as the Iran War shocks global oil markets. Gas prices made the sharpest surge on record in March, according to BMO Capital Markets. The bank warns this will drive the Consumer Price Index (CPI) much higher, even before considering the spillover […]
Ontario’s real estate woes are quickly turning into one of the worst downturns in the province’s history. Canadian Bankers Association (CBA) data shows mortgages in arrears surged in January, reaching 5x the lows seen just four years prior. The surge has pushed Ontario’s arrears rate above the national rate, something that’s only occurred twice before. […]
Canada’s banks are facing their sharpest mortgage downturn in a decade. Canadian Bankers Association (CBA) data reveals delinquent mortgage volumes surged again in January. Hitting a decade high, these volumes are pushing the arrears rate up sharply, with both metrics nearly doubling within four years. Canadian Mortgage Arrears Rate Hits 2017 Levels CBA reported mortgage […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Happiness Plunge: Among The Worst Places For Young Adults Canada once ranked among the world’s best places to live, but not anymore—especially for young adults. The country’s happiness score fell from 6th a decade ago to 25th in 2025, marking the […]
Canada’s banks may have to take on a new side hustle—involuntary real estate liquidator. Preliminary Q1 2026 OSFI filings reveal explosive growth in uninsured mortgage net impairment amounts, funds that lenders recover by seizing and selling homes. This figure has surged 150% just as real estate values have plunged, leaving questions regarding how much can […]
Canadian real estate’s downturn shows no signs of reversing, according to a Big Six bank. BMO Capital Markets is warning investors that home prices haven’t moved in nearly a decade, once adjusted for inflation. Now in the middle of the largest correction since the 90s, the bank sees inflation accelerating in the coming months, eroding […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Inflation To Surge, BoC Braces For Post-Carbon Tax Normalization Canada’s headline consumer price index (CPI) fell to 1.8% in February, well below the Bank of Canada’s (BoC) 2% target rate. Looking at how this sausage was made reveals the weak CPI […]
Canadian households are sending a sign to the market through their borrowing habits. Statistics Canada (StatCan) data shows household credit made a minor pullback in January, but the amount owed remains close to record highs. However, it’s the underlying growth rates that provide real insight this month—especially for consumer credit. Decelerating growth warns of eroding […]
Canada’s normally calm central bank admitted it has no clue what it should be doing right now. The Bank of Canada (BoC) held its key overnight rate, but made it clear this isn’t the usual sign of confidence in a stable economy. Warning of the threat of dual shocks to energy and global economic growth, […]
