Canada’s economy was dealt another blow last month, and it wasn’t due to tariffs. Statistics Canada (Stat Can) data shows the unemployment rate climbed aggressively in May, hitting a new multi-year high. Despite the narrative of tariff-induced job losses, the country managed to add a few thousand jobs. Rising unemployment continues to be driven by […]
The Canadian and US labor markets tend to make very similar moves, and rarely diverge. This is one of those rare divergences, according to a new analysis from BMO Capital Markets. The bank’s chief economist is warning that Canadian employment is showing the worst divergence in nearly 25 years. It’s rare to see this kind […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Impairments Surge: Homeowner Or Investor Trouble? Canadian mortgage impairments are surging. New Bank of Canada (BoC) data shows mortgage impairment in Q1 2025 climbed 65% since 2022, despite the best job market in history occurring in the middle of this […]
Canada’s international student landscape is undergoing a seismic shift, and it’s not just the quantity of students. Immigration, Refugees and Citizenship Canada (IRCC) data shows that new study permit applications were down in March. Old news, eh? What is new though is the shift in demand origination. China, once the top source of international students, […]
Canada’s latest data should put to rest any doubts over slowing international student demand. Immigration, Refugees and Citizenship Canada (IRCC) data shows new study permit applications fell sharply in January. Policymakers planned to throttle applications with caps, but the drop has been multiples of the planned reduction. Canada Saw A 46% Drop In Study Permit […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Permanently Leaving Hits The Highest Level Since 1967 Canadian policymakers were so focused on growing the temporary population that they missed the citizen outflow. Emigration, the act of a citizen or permanent resident leaving for good, ramped up in Q4 2024. […]
Canadian politicians chased immigration so much they completely missed the surge of citizens leaving. Statistics Canada (Stat Can) data shows emigration, the act of a citizen or permanent resident leaving for good, accelerated in Q4 2024. The move was part of a recent trend that saw the highest volume of Canadians fleeing the country since […]
Canada’s population just had its slowest quarter since people were physically restricted from moving here. Statistics Canada (Stat Can) data shows a sharp slowdown for population growth estimates in Q1 2025. The slowdown is intentional as the country walks back recent growth that saw non-permanent residents represent 1 in 14 people in the country, double […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Have Only Fled The Country Faster 4 Times Since 1967 Canadian citizens are leaving in some of the highest volumes on record. Canadian emigrants, those leaving permanently, rose 3% from last year to 29,100 people in Q3 2024. The third quarter […]
Canada’s national housing agency just published its latest piece of fan fiction. Canada Mortgage and Housing Corporation (CMHC) has released its 2025 Housing Outlook, the agency’s forecast of various risk scenarios. The agency’s worst case scenario includes American tariffs delivering a devastating economic blow. The agency somehow sees this producing higher home prices, an immigration […]
