Canada’s banks are still discovering the extent of the mortgage leverage problems their customers face. Canadian Bankers Association (CBA) data shows the mortgage arrears rate climbed in December, hitting a nearly 5-year high. The rate was driven by an abnormally large monthly jump in mortgages entering arrears. Canadian Mortgage Arrears Rate Approaches 5-Year High CBA […]
Official data tells a story of cooling inflation and strong wage growth, but consumers aren’t buying it. TransUnion’s latest Consumer Pulse survey finds most Canadians say they did better than expected in Q4 2025, but the mood is turning fast. Near-term optimism is sliding, while more households see their finances eroding this year. The credit […]
Canada’s largest housing markets just added another entry to their growing list of warning signs. New CMHC and TransUnion data shows mortgage delinquency rates in Toronto and Vancouver climbed in Q3 2025. Vancouver’s rate has more than doubled from its 2022 record low, though it remains below the national level. Toronto wishes its rate only […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices Exit Holding Pattern, Dive Towards Hard Landing Since the initial plunge in 2022, existing home prices have moved sideways, waiting for the market to make up its mind. It appears it has, with prices moving lower—shedding 0.4% in […]
Home prices moved lower at the national level, but that reality isn’t aligned with buyers in most provinces. Canadian Real Estate Association (CREA) data shows the price of a typical home fell in January, but most provinces saw prices rise. The decline has been largely confined to BC and Ontario, where weak sales and robust […]
After more than 3 years of moving sideways, Canadian home prices picked a direction—down. Canadian Real Estate Association (CREA) data shows sales fell in January, with the trade industry attributing it to winter storms. Sellers didn’t seem to mind the storms either, continuing to brave the conditions to hold open houses, like the gosh darn […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Long-Term Unemployment At ’90s Levels, 6 Months To Find A Job Canadians may want to put aside more savings, just in case of job market disruption. Nearly 1.5 million people were unemployed in January, while job vacancies continue to grind lower. […]
Canada’s central bank just told business leaders to prepare for economic pain that will outlast most of them. Bank of Canada (BoC) Governor Tiff Macklem declared the country’s old economy dead last Wednesday in Toronto, warning of “painful” and permanent restructuring that will take decades. He’s advocating for big gambles he admits may not work, […]
Nova Scotia real estate went from one of Canada’s fastest booms to one of its sharpest corrections. Naturally, the Government of Nova Scotia (GNS) is now scrambling to launch a new First-Time Homebuyers Program (FTHP). The scheme aims to let new buyers into the market with as little as 2% down, with the province absorbing […]
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, […]
