Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Industry Cuts Forecast, Prices To Stagnate 2 More Years Canada’s real estate industry is tempering its expectations after a weak Q1. CREA sees 2026 home sales just 1% higher than 2025, slashing its 5.1% growth forecast from January. Falling […]
Policymakers broke Canada’s real estate market, and now it faces 7 years of bad luck. The Canadian Real Estate Association (CREA) slashed growth expectations for sales and prices, forecasting a 7th year of stagnating prices. They warn the first quarter was weaker than previously anticipated, as factors that drove growth before are over. Even with […]
Home prices typically fall to stimulate demand, but that’s not the case in Canada, apparently. Canadian Real Estate Association (CREA) data shows the price of a typical home climbed in March. Despite this upward tick, it was the weakest sales for the month since 2009. A real head scratcher, considering inventory remains historically robust. Canadian […]
Canadians saw their average wage surge at the fastest pace in months, according to Statistics Canada (StatCan). The surge reported in March stands in stark contrast with the reality of other datapoints, and for good reason—wages aren’t booming. The surge was due to a dramatic composition change, according to BMO Capital Markets, who warned investors […]
Canadian builder intentions are slipping even as policymakers throw tens of billions in stimulus at construction. Statistics Canada (StatCan) data shows building permit values fell sharply in February, with only residential intentions posting a modest gain that still translated into fewer homes planned. Meanwhile, non-residential permits fell abruptly, pointing to weaker investment appetite beyond the […]
Canada’s seemingly stable jobless rate is hiding widening disparities among cities (and provinces), according to BMO Capital Markets. The bank’s latest Labour Market Performance Ranking shows job markets in Western Canada are largely improving, while Eastern Canada—Southern Ontario in particular—dominates among the worst-performing cities. The bank warns this divergence won’t be resolved any time soon, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Variable-Rate Mortgages Surge As BoC Recreates Renewal Trap Canadian banks advanced $38.3 billion (+3.3% y/y) in uninsured mortgages in January, the largest for the month on record. But this wasn’t fresh demand—it was a wave of renewals arriving five years after […]
Canadian employment wasn’t impressive last month, but it was the best Labour Force Survey (LFS) of 2026. Statistics Canada (StatCan) data shows minor job growth, with unemployment unchanged in March. The AI and trade war job cuts that everyone fears? It turns out employment is stabilizing, layoffs are lower than expected, and heck—wages are even […]
Canadian borrowers are aggressively returning to variable-rate loans after hitting record lows just a few years ago. Bank of Canada (BoC) data shows uninsured mortgage funds advanced—cash lenders provide for originations, renewals, and refinancing—hit a new peak in January. While the overall funding reached a monthly high, annual growth is slowing, masked by some of […]
Ontario real estate developers are raising prices despite facing some of the weakest demand on record. The reason? The Government of Ontario’s expanded Harmonized Sales Tax (HST) relief. The thinly veiled bailout is already undermining policymaker narratives few believed, with experts warning the “savings” are being rolled into higher new home prices. Ontario’s Latest Builder […]
