Canadian real estate is the most affordable it’s been in years, but it’s far from normal. The RBC Housing Affordability Measures (HAM) shows things improved in Q1 2026, marking the most attainable level in the past 4 years. The catch? Even with the improved affordability, conditions are equal to the 90s real estate bubble. RBC […]
Canadian economic output rebounded sharply after spending a month in negative territory. Statistics Canada (StatCan) data shows gross domestic product (GDP) ripped higher in April. The surge wasn’t a sign of an economy back to healthy growth though, as temporary factors and public sector spending was behind most of the boost. Canadian GDP Rebounded In […]
Canada’s latest payroll data may be less encouraging than it sounds, confirming inflation stress. Statistics Canada’s (StatCan) Survey of Employment, Payrolls and Hours (SEPH) shows jobs rose sharply in April—and revised March from a steep loss into a gain. BMO warns the details are less flattering—the gains appear driven by workers taking on extra jobs, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Hit 12-Year High, Banks See 2020 Boom Wiped Out The country’s largest banks are seeing more overleveraged borrowers fall behind. The arrears rate rose to 0.28% in April, doubling since September 2022 to a 9-year high for the rate. […]
Canadian mortgage debt has seen explosive growth return, but banks aren’t seeing the benefit. Canadian Bankers Association (CBA) data shows the arrears rate in April was the highest for the month in 12 years. Mortgages in arrears—at least 90 days past due—have nearly doubled to the highest level in over 12 years. Meanwhile, their mortgage […]
Sweet, black gold is flowing again, just as Canada hits peak mortgage renewal season. BMO Capital Markets says the recent Hormuz Strait deal is pulling Government of Canada (GoC) bond yields lower, though fixed-rate borrowers may see little of it. The bank says variable rates still look like the better option. Bank of Canada, Government […]
Toronto’s new home market posted a sales bounce in May, but context matters. BILD GTA and Altus Group data shows sales hit a multi-year high—against a backdrop of historically weak demand that makes the comparison more flattering than reality. Prices remain in a holding pattern, and builders have quietly abandoned affordable multi-family supply in favour […]
Canadians are paying a lot more across the board. Statistics Canada (StatCan) data shows the Consumer Price Index (CPI) accelerated to a multi-year high in May. Gasoline is a major driver, but with half of the basket’s major components accelerating simultaneously, the problem is much broader than one commodity. Canadian Inflation Accelerates To Highest Level […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Are Leaving At The Fastest Pace In 74 Years Canadians are leaving the country at a pace unseen in 74 years of StatCan data. An estimated 30,092 citizens or permanent residents left in Q1 2026—the largest Q1 outflow on record. It’s […]
What housing slump? Canadian Real Estate Association (CREA) data shows prices in all but one province climbed in May. The national index tells a different story. A gap between the headline number and what’s actually happening across most of the country, deserves a much closer look. Canadian Real Estate Prices Are Moving Higher The price […]
