Canada’s economy is slowing, and there are concerns that slowing population growth may amplify the issue. A new analysis from BMO shows no historical evidence to support a short—or medium-term correlation between real GDP and population growth. The bank pulled over 30 years of data and found the opposite—real GDP and population growth move in […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Just Saw 1 In 20 Businesses Close In A Month, Biggest Wave Since Pandemic Canadian small businesses are struggling to stay above water these days. Roughly 1 in 20 businesses shuttered their doors in June, the largest wave since the pandemic. […]
Canada’s international student boom went from success to liability over just a few years. Policymakers that promoted the growth are now suddenly passing blame, presenting it as an overwhelming surprise. It turns out the growth was the intended outcome of a $148 million plan, including a new brand jointly owned and operated by the Federal, […]
The Greater Toronto real estate rut continued last month. Toronto Regional Real Estate Board (TRREB) data shows the price of a typical home fell once again in September. Despite a mild improvement in sales, inventory climbed much faster helping to apply further downward pressure on prices. The benchmark is now within spitting distance of prices […]
Canadian households are struggling to carry some of the biggest debt loads in the world. Office of the Superintendent of Bankruptcy (OSB) data shows consumer insolvencies just had the second-biggest August on record. The move wasn’t exactly surprising and builds on a trend that’s seen consumer insolvency filings rise to a level not seen outside […]
Canada’s reputation as an ideal environment may be more hype than reality these days. Statistics Canada (Stat Can) data shows businesses suffered a major setback in June. The country saw the largest wave of business closures since the depths of the 2020 pandemic, when lockdowns physically restricted businesses from activity. In just one month, Canada […]
Toronto real estate has once again assumed its natural position as one of the biggest bubbles in the world, according to a Swiss banking giant. UBS released its 2024 Global Bubble Index, an annual scorecard of the riskiest real estate markets in the world. Toronto climbed into 5th place, but managed to lower its risk […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Flippers Are Still Near Record Levels The death of the Canadian real estate flippers has been greatly exaggerated. Bank of Canada (BoC) data shows 2.5% of homes sold in Q2 2024 were purchased within the past 12 months—only seeing […]
Canada’s policymakers went from explaining that millions of temporary residents are needed, to cheering on the reversal of their policies over a few short months. Statistics Canada (Stat Can) data shows the flow of non-permanent (temporary) residents slowed in Q2 2024. After doubling in a couple of years, the temporary population remains robust but marks […]
Canadian real estate may have slowed for the average person, but not for flippers. The share of homes purchased and sold in less than 12 months remained largely unchanged in Q2 2024. In fact, the share of sellers that managed to flip their property within a few months is just off record highs. It’s getting […]
