Canadian inflation data shows growth is slowing much faster than anticipated. Statistics Canada (Stat Can) released the Consumer Price Index (CPI) for January, showing annual growth slowed significantly more than the consensus forecast. Most of the remaining pressure driving inflation is being driven by mortgage interest costs. If excluded, like in many advanced economies, CPI […]
Debt-crazed Canadians may not be borrowing to buy a home, but they are borrowing—a lot. Bank of Canada (BoC) data reveals outstanding mortgage credit made a small climb in December, at an unusually slow pace. Mortgage debt is now growing at the slowest rate in over two decades, with home prices now firmly placed out […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Housing Supply Targets Don’t Make Sense, “Will Never Be Hit”: BMO Canadian new housing starts are robust but will never hit “dreamt up” targets from policymakers. That was the take from BMO, one of the country’s largest banks, which points to […]
Canadian policymakers are sprinting across the country to rain cash to stimulate homebuilding. Unfortunately, it’s not working with new housing starts actually falling further from targets in January. BMO wrote to investors to explain this is predictable, since the targets were unrealistic and will never be hit. Partially due to the lack of resources available […]
Canadian real estate markets picked up at the end of the year, as cheaper mortgage debt appeared. Expect the opposite pressure over the next few days as Government of Canada (GoC) bond yields surge on strong inflation data. Reversing some of the ground made over the past few weeks, a sudden jump in yields is […]
Canada embarked on an ambitious mission to grow its economy using rapid population growth. After hitting unreal immigration targets they may have forgotten to plan one detail—what are people going to do when they get to Canada? That was the focus of the latest analysis from National Bank of Canada (NBF). The bank’s chief economist […]
One of Canada’s largest banks is telling investors Toronto real estate sales are back, but prices—not so much. Despite a huge jump in existing home sales across Greater Toronto in January, prices continued to slide lower. BMO explained to investors that the increased activity will prevent further declines, and even boost home prices in time. […]
Canadian small businesses have only seen things get worse after the pandemic. Office of the Superintendent of Bankruptcy (OSB) data shows business insolvencies surged in Q4 2023. The surge in fillings helped to make last year the largest annual growth for insolvency filings. Experts warn as bad as the data is, it’s actually a lot […]
Canada is experiencing record population growth but unusually slow mortgage growth. Bank of Canada (BoC) data shows that outstanding residential credit growth slowed even further in November. It marked the slowest rate observed by Canadians in over two decades. Canadians Owe $2.26 Trillion In Residential Mortgage Debt Canadian mortgage credit continues to advance despite elevated […]
Canada just bucked expert estimates and it’s growing much faster than expected. Statistics Canada (Stat Can) data shows stronger than expected growth for gross domestic product (GDP) in November and December. BMO believes if, and they stressed if, the data is correct, the economy is growing much faster than anyone had forecast. That is generally […]
