Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Explains Toronto Condos, Describes A Ponzi Scheme Canada’s central bank tried to explain Toronto’s condo market, and accidentally described a Ponzi. New home sales fell to just 1,599 units, the weakest since the early 1990s real estate crash. Meanwhile, […]
Home prices in Vancouver have resisted the sharp downturn seen in Toronto, but that may be changing fast. Greater Vancouver Real Estate Board (GVREB) data shows prices made a sharp drop in January, with losses accelerating in recent months. A combination of weak demand and multi-year highs for inventory—and a new construction glut—signals more downward […]
Mortgage delinquencies are rising across Canada, but nowhere quite like Ontario. Canadian Bankers Association (CBA) data shows mortgage arrears continued to rise in November. Ontario has seen its rate more than quadruple in just over three years, hitting the highest level since 2012. Ontario Mortgage Delinquencies Soar To 13-Year High Ontario mortgage arrears rate: Mortgages […]
Canadians are behind on their bills, and the country’s banks have front row seats to this event. Canadian Bankers Association (CBA) data shows the arrears rate rose in November. It was only a small bump among its member banks, but enough to hit a 5-year high. Excluding the initial shock in 2020, the rate is […]
Canadian household debt isn’t just a risk to overindebted borrowers, but a growing risk for financial stability. That’s one of the key takeaways from the IMF’s latest report on Canada, which finds the financial system resilient overall. However, the agency flags elevated household debt as a vulnerability to the broad economy that risks amplifying future […]
Canadian real estate developers are sitting on a record pile of unsold new homes. CMHC data shows completed and unsold new homes hit a record in December, a rare sight in a country where most units are sold pre-construction. Even more surprising is that half of these vacant new homes are in Toronto and Vancouver, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Are Leaving In Record Numbers, Most Are Prime-Aged Workers Emigration, permanent residents or citizens leaving, reached a record high in 2025. A demographic breakdown reveals it’s even worse than it sounds, as most are prime-aged workers aged 25 to 49. Being […]
Canadian households are piling on debt, but it may not be the usual sign of confidence. Statistics Canada (StatCan) data shows household credit hit a record high in November. Rising credit use can be a sign of economic health, but not when paired with accelerating inflation and soaring borrowing costs. The combination paints a picture […]
Temporary factors have muted inflation, but they’re starting to fade. Statistics Canada (StatCan) data show the Consumer Price Index (CPI) accelerated in December. Excluding gas sends the value soaring, hitting the Bank of Canada’s upper bound. One bright spot is the slowdown in shelter costs, but the distribution was uneven. Only homeowners are seeing slowing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Back To 2017 Levels After Inflation: BMO Inflation has been chipping away at Canadian real estate prices, warns BMO. The bank notes prices rolled back to 2021 in nominal terms, but inflation puts prices back to 2017 levels. […]
