Canada’s real estate industry often argues the central bank should ignore shelter inflation and keep rates low to boost supply. A new Bank of Canada (BoC) staff paper tests both claims, and neither holds up as a blanket rule. The researchers find that ignoring shelter inflation during a demand-driven boom is destabilizing to the economy […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Fall Even Further: Oxford Economics The Canadian housing crash is already the largest on record, and it may not be over. Oxford Economics is forecasting prices and sales falling further through early 2027. Higher rates, elevated energy […]
Greater Halifax real estate may be running out of luck. Canadian Real Estate Association (CREA) data shows a six-year high for new listings in September. Sales also rose, but couldn’t prevent the second-largest monthly price drop on record. Halifax Home Prices Post Second-Largest Monthly Drop On Record The price of a typical home sold through […]
Oxford Economics expects Canadian home prices to fall further as rising mortgage rates, weak hiring, and stretched valuations weigh on demand.
Canadian borrowing is losing steam just as interest rate hikes come back into focus. Bank of Canada (BoC) data shows mortgage credit posted its smallest August increase since 2013, pushing annual growth to a pace rarely seen outside housing corrections. With nearly a third of new mortgages carrying variable rates, renewed tightening could further throttle […]
Canadian real estate remains out of reach for young adults, but the show must go on. That’s the takeaway from a new housing report from National Bank of Canada. Slow home sales have led to a backlog of developer inventory, but billions in public bailouts are being used to support prices. National Bank urges policymakers […]
Is it a bird? A plane? No, it’s… the size of Canada’s debt servicing costs. The Parliamentary Budget Officer’s (PBO) latest Economic and Fiscal Outlook projects Ottawa will accumulate $333 billion in deficit spending over 5 years. However, the Government of Canada (GoC) will need to borrow nearly three-quarters of a trillion dollars. Debt servicing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Lost 110,000 Jobs Over Two Months, Wiping Out 2026 Gains The narrative of Canada’s resilient job market has flipped in just two months. Employment fell by roughly 70,000 jobs in September, totaling a drop of 110,000 since August. The two-month slump […]
Canada’s job market continues to stumble, erasing any gains made year-to-date. Statistics Canada’s (StatCan) September Labour Force Survey (LFS) shows a sharp drop in employment. Public sector workers and young adults carried virtually all of the pain. Canada Lost 110,000 Jobs In Just Two Months Source: StatCan; Oxford Economics. The agency reported that seasonally adjusted […]
Canadian rents continue to fall but a lack of demand hasn’t been the driver. Rentals.ca and Urbanation data shows asking rents fell in September. This marked a 24th straight month of declines, mostly in condo apartments. However, more than half the drop within the past two years was due to shrinking unit size. Canadian Rents […]
