Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Job Market Is Changing Fast As Vacancies Fall Sharply Canada’s been hit with a labor shortage over the past few years, but that may be coming to an end. Statistics Canada reported both vacant roles and the vacancy rate plummeted last […]
Canada continues to outperform its peers for population growth. Statistics Canada (Stat Can) data shows record population growth in 2022. The increase was driven entirely by immigration, with most of it “temporary” labor. One of the country’s Big Six banks believes the boom is needed to help the country’s long-term labor market issues, but first, […]
Canada’s large cities are now entirely dependent on immigration as local residents continue to flee and seek greener pastures.
Greater Toronto residents are fleeing for other parts of the country at an alarming pace, indicating opportunity may be outside of the hub.
Canada’s booming population growth is obfuscating a trend policymakers should be watching — emigration. Emigration, the act of moving from a country, saw an unusual surge in Q1 2022. It was the biggest Q1 for emigration in a half decade, shows Statistics Canada (Stat Can) data. The recent surge marks the end of a trend […]
Canadian real estate prices won’t correct due to population growth, right? Well, BMO Capital Markets shared a different take with institutions this morning. The bank explains there is no historical evidence to support this narrative. During the last significant home price crash, Canada saw its population grow at a faster rate. They warn interest rates […]
Canadians are packing up and leaving at a fast rate, during a traditionally slow period. Statistics Canada (Stat Can) data shows emigration, the act of leaving permanently, jumped in 2021. The past year showed modest gains, rising to the highest level in half a decade. The fourth quarter is what sticks out though, showing a […]
Canada’s national statistics agency revealed a surprise in the latest Census drop. BMO Capital Markets found Canada’s housing stock has grown faster than its population. Robert Kavcic, a senior economist at BMO, pulled historic data and found this to be the case for two decades. The bank acknowledges long-term supply issues, but believes how much […]
Millennials aren’t having children and experts believe high home prices are a big part of the issue. An NBER working paper titled House Prices and Birth Rates: The Impact of the Real Estate Market on the Decision to Have a Baby looks at the influence of home prices on births. They found higher home prices […]
Toronto’s sky-high real estate prices might have turned into a hurdle for the city’s growth. Statistics Canada (Stat Can) released its 2021 population estimates for Toronto this week. For the year ending July 1, most of the city’s growth was seniors. Last year was a bit of an anomaly, that’s true. It’s not a new […]
