Greater Toronto’s real estate industry may be optimistic about “firming,” but buyers disagreed last month. TRREB data shows real estate prices made a sharp downtick in June, after months of waiting for the market to firm. Last month’s sales marked the weakest June sales in 25 years, and its highest inventory on record. The board’s […]
Greater Toronto real estate developers found no relief from the market rut in May. BILD GTA and Altus Group data shows new home sales hit a record low in May, marking an 8th month of historically weak demand. Even though just a handful of new homes sold in a city of millions, sellers have been […]
Canadians are packing up and leaving for good, and high home prices may be a major contributor. Last week we discussed Statistics Canada’s (Stat Can) emigration data showing 2025 saw one of the biggest Q1 outflows on record. Breaking that data down by province reveals the largest source of emigrants is Ontario. Combined with BC, […]
Canadian real estate is the most affordable it’s been in three years—but that isn’t saying much. RBC data shows ownership costs have eased, though it forecasts improvements stalling soon and affordability worsening next year. Even with affordability at its best, it would only be a slight improvement over the peak of the 1990s real estate […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Economy Contracted Modestly. Can It Avoid Recession? The Canadian economy kicked off spring with an unexpected contraction, as monthly GDP fell 0.1% in April—below the market consensus for growth. An upward revision to the previous month’s data left output roughly in […]
The Canadian economy’s luck in the face of a trade war is fading, but has it run out? Statistics Canada’s (Stat Can) monthly gross domestic product (GDP) release shows output made a moderate contraction in April. Despite the economy being weaker than expected, experts are split on whether the country will avoid a recession—or whether […]
Canada’s reputation as a stable destination for wealth is quickly fading. H&P and New World Wealth (NWW) data shows the number of millionaires looking to migrate to a new country sharply increased in 2025. Despite the increase, Canada will see its net flow of HNWIs plunge, a sign its quality of life proposition is weakening. […]
Canadian rental prices eased last quarter, but they have a long way to go to normalize after the surge. Statistics Canada (Stat Can) data shows the asking price for a 1-bedroom apartment rental saw a substantial drop in Q1 2025. While the drop was sharp, it offered little relief compared to the growth seen since […]
Canadian inflation is cooling but remains hot enough to stop further rate cuts. Statistics Canada (Stat Can) data shows the headline consumer price index (CPI) stalled in May. That would typically be good news—if not for rising risks that inflation could accelerate again. In response, RBC believes the central bank’s easing cycle is over, and […]
Canada’s temporary population boom may be over, but its long-term resident outflow is just beginning. Statistics Canada (Stat Can) data shows emigration—the act of citizens or permanent residents permanently leaving—jumped higher in Q1 2025. Canadians left in the second-highest Q1 volume on record—a trend that’s only gained momentum since the pandemic. Canadian Emigration: It’s Like […]
