The Canadian real estate market’s holding pattern continued last month. Canadian Real Estate Association (CREA) data shows sales climbed in June. The mild climb leaves sales where they were during the initial months of the crash, but with a lot more inventory. Canadian Home Prices Make First Downward Move In 5 Months The price of […]
Canadian consumer insolvencies are rising fast, but nowhere are they rising quite like in Ontario. Office of the Superintendent of Bankruptcy Canada (OSB) filings rose in May. They’re rising so fast that Ontario just saw its second-highest number of May filings on record, only behind the 2009 Global Financial Crisis. Ontario Consumer Insolvencies Hit Second-Highest […]
Canadian real estate prices made the sharpest climb in history. Bank for International Settlements (BIS) data shows it’s following with the sharpest drop. Home prices fell further in Q1 2026, with inflation doing even more damage. Inflation-adjusted home prices are now back to 2016 levels, and may go even lower. Canadian Home Prices Now In […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Affordability Best In 4 Years, Still At 90s Bubble Levels: RBC Canadian housing affordability is the best it’s been in the past 4 years, but that’s not as great as it sounds. RBC estimates a median household needs to spend 53% […]
Toronto real estate is seeing slow signs of improvement—very slow signs. Toronto Regional Real Estate Board (TRREB) data shows sales climbed in June, while inventory slipped. Despite the firmer market, prices moved lower as the region still saw one of the weakest Junes on record. Toronto Real Estate Prices Resume Declines After Climbing 4 Months […]
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. […]
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 […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Taps Leveraged Hedge Funds For Over 40% of New Debt, Warns BoC Canada’s central bank has growing concerns about how the country is financing its debt. In its annual risk report, the Bank of Canada warns that hedge funds are buying […]
Toronto real estate is showing encouraging data, but is it a return to normal or the “return to normal” bubble experts warn of? Toronto Regional Real Estate Board (TRREB) data shows home prices climbed in May. It was accompanied by a big jump in sales and a significant cut to inventory. As inspiring as these […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Now Shows Recession, BMO Says Not Quite Canadian GDP surprised the market by falling for a third time in the past year. Real GDP fell 0.1% annualized in Q1 2026, meaning the economy now fits the traditional definition of a […]
