Canadian real estate soared on runaway population growth—but that fuel is running low. Statistics Canada (Stat Can) data shows the population stalled in Q2 2025, marking one of the slowest quarters on record. It’s uncharted territory for BC and Ontario, where home prices soared based on the myth of perpetual growth—yet both provinces are now […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Ontario Unemployment Hits Recession Levels, Driven By Excess Labour: BMO Ontario’s unemployment rate hit 7.9% in May, nearly a point above the national average—a rare level outside of a recession. What’s unusual is the province hasn’t been losing jobs; it’s been adding […]
Canadian unemployment is rising, and the country’s largest province is leading the trend. Ontario’s unemployment rate climbed to 7.9% in May—nearly a full point above the national average. A new report from BMO warns the province’s unemployment rate is now at a level not seen outside of the worst recessions. The problem is set to […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Soars, Driven By Immigration More Than Tariffs Canadian unemployment climbed but it wasn’t due to tariffs as expected. The unemployment rate hit 7.0% in May, with the unemployed population hitting 1.6 million. The employed population grew as well—the problem is […]
Canadian real estate markets aren’t a buying opportunity—yet, according to BMO. In a research note to investors, the bank warned major cities are reporting home sales cooled further in May. These markets are also seeing inventory accumulate, leading to a demand balance that typically sees prices fall. Sellers resisting price cuts in hopes rate cut […]
Greater Toronto real estate just had the worst May on record—but you wouldn’t know it from prices. TRREB’s composite benchmark price (i.e. a typical home) climbed in May. Yes, climbed. The increase was unexpected, given that record-high inventory and weak sales made it the worst-performing May market in history. Toronto Real Estate Prices Climb Despite […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s GDP Rises in Q1 2025—But Domestic Demand and Trade Flatline Canadian real GDP climbed 0.5% in Q1, following similar growth in Q4 after a downward revision. At first glance, it appears the economy is on stable footing, but a dive into […]
The Greater Toronto Area (GTA) real estate downturn continued with new homes last month. Altus Group data shows April was the worst month for new home sales on record. Lofty inventory and weak demand continue to apply downward pressure on prices, though they remain sticky at current levels. With demand at a record bottom, that […]
Canada’s surging rents have more to do with financialization than fundamentals, according to a new University of Waterloo study. Researchers from the School of Planning conducted a deep dive into Toronto’s rental market and found the most aggressive rental hikes came from large financial landlords. By using techniques like vacant units, algorithmic pricing, and systematic […]
Weak demand for Canadian real estate continues to push prices lower. Canadian Real Estate Association (CREA) data shows the price of a composite benchmark (typical) home made a sharp downtick in April. The medium-term trend also reveals this is a more complicated issue than just trade war jitters. Over the past few years, buyers have […]
