Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s GDP Per Capita Crisis: 4 Provinces Grow, Others Fall—Some Back To 2020 Canada’s population is growing much faster than its economy, and the problem is reaching a crisis level. GDP per capita fell 1.4% in 2024, implying the country is seeing […]
Canadians are packing up for greener pastures, and that doesn’t mean Toronto to Calgary. Statistics Canada (Stat Can) data for Q3 2024 shows a sharp uptick for emigration, the process of residents leaving to settle permanently in another country. The third quarter is typically big, but this one was one of the largest in years. […]
Canadian immigration policy will seek to slow population growth, but the impact will vary by province. In a new BMO Capital Markets research note, the bank explains regions with the highest number of temporary residents will be impacted most. As a result, that means shelter costs in BC and Ontario will see the most immediate […]
Canada delivered its biggest affordability measure in years—shrinking its population. That was the takeaway from a new report from BMO Capital Markets this week. The bank has repeatedly warned that promises to triple the new homes built and create affordability with supply, weren’t grounded in reality. Now that Canada is quietly acknowledging this failure, they […]
Canada’s international student boom went from success to liability over just a few years. Policymakers that promoted the growth are now suddenly passing blame, presenting it as an overwhelming surprise. It turns out the growth was the intended outcome of a $148 million plan, including a new brand jointly owned and operated by the Federal, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Government Spending Now 80% of GDP Growth Canada’s economy grew faster than expected but still showed recession-like behavior. Annualized real GDP growth came in at 2.1% for Q2 2024, much higher than market expectations. However, the details were less flattering with […]
Canada’s attempt to use immigration as stimulus might be backfiring. That was the message from a new BMO report, looking at the unusually high unemployment rate for recent immigrants. The labor market for recent immigrants is eroding much faster than it is for the rest of Canada—at a rate rarely seen outside of recession. The […]
Canada’s population binge growth is coming to an end—now to deal with the hangover. That was the take from National Bank of Canada (NBF), who notes that this year’s population growth is on track to set another record, but the average annual growth rate will drop 75% for the next 3 years. The move comes […]
Canada’s population is expected to slow in growth but still add a whole lot of people. Statistics Canada (Stat Can) data released this morning shows they expect growth to slow. The population is expected to hit 63 million people by 2073, driven almost exclusively by migration. At the same time, the country’s older population is […]
Canada’s explosive population growth went from a boasting point to liability in less than 3 years. The Government of Canada (GoC) announced on Thursday they will be implementing a limit for temporary residents in the coming years. This comes as the economic boom driven by immigration fades, leaving behind an oversupply of labor and undersupply […]
