One of Canada’s top issues this election is housing, and as usual, we’ve been getting a lot of questions by email. Instead of answering each email individually, we’re going to cover what feels like our regular election platform breakdowns. In separate pieces, we’ll drop an unbiased look at the policies promised, and the intended (or […]
Greater Toronto and Vancouver real estate price growth further decelerated last month. Both boards reported the rate of annual growth fell in August. Surprisingly low inventory, typical during election periods, helped to firm prices though. It may even be enough to return the trend to growth this month. At least for the near-term. Greater Toronto […]
Canada’s household savings rate soared, as generous benefits met few places to spend. At least, that was the narrative. Statistics Canada (Stat Can) data shows most households saved very little in 2020. The top two-fifths of incomes are responsible for Canada’s elevated savings rate. The bottom two-fifths of households didn’t save anything at all, but […]
Canadian real estate and capital gains taxes are once again in the spotlight. This week the NDP’s Jagmeet Singh promised to crack down on “big money” house flippers. This strategy largely involves hitting them with a 75 percent capital gains rate. Owners feel this will unfairly target them. Supporters think this will encourage more productive […]
Canadian subprime credit inquiry volumes are falling, but still lead the market. TransUnion updated some of its credit indicators for Q2 2021 today. Overall improvements are seen in credit health, with high-quality borrowers leading in growth. However, the subprime segment has been contracting at a smaller and smaller rate. Smaller contractions can mean the segment […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate One Of Canada’s Largest Real Estate Lobbies Lost Their Sh*T Over An Election Promise One of Canada’s largest real estate lobbies isn’t very happy with one of the new election promises. The Liberals promised this week to ban “blind-bidding” if re-elected. The […]
The Canadian economy suffered some setbacks last month, but they’re likely to resolve. BMO‘s Canadian Business Activity Index (BAI) advanced in July, showing an improving environment. Erik Johnson, one of the bank’s economists, said the growth was much smaller than a month before though. This may appear concerning at first, but the bank believes this […]
Prime Minister Justin Trudeau did the worst job with housing in the history of leaders. No, it was definitely Prime Minister Stephen Harper that oversaw the worst… No… this goes back to… Brian Mulroney? Uh, that was 30 years ago, but whatever. Ever since Canada’s election kicked off, everyone’s been arguing about housing. More specifically, […]
Canada is seeing a shortage of labor, but no one wants to pay more. BMO chief economist Douglas Porter broke down June’s average wage earnings. He found wages aren’t rising very much, especially when considering rising vacancies and high inflation. Canadian Wages Have Been Showing Low Growth Canadian wages aren’t growing very fast, even with […]
The Canadian election is ramping up, and housing is becoming the hot button issue. Media pundits have been claiming it’s a relatively small issue, that just happens to be very loud these days. Crunching the numbers for eligible voters in BC and Ontario, that doesn’t appear to be the case. The majority of eligible voters […]
