This Week’s Top Stories: Canadian Home Prices Climbed 7x Faster Than Income, & Ontario Unemployment Surges

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 […]

Vacant Units & Algo Rents: Canadian Mega Landlords Drive Rents More Than Demand

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 […]