Greater Toronto real estate printed stronger numbers across the board last month. BildGTA and Altus Group data shows new home prices climbed in April, with stronger sales and less inventory. Has the market risen from the dead? Before getting excited, it’s worth diving into the data, as a little context may take the wind out […]
Canadian real estate went from a speculative asset with global demand to a glut in just a few years. Canada Mortgage and Housing Corporation (CMHC) data shows completed and unabsorbed inventory rose in April. Builders are now sitting on the most completed and unsold new homes in the country’s history—and there’s a lot more supply […]
Canadians are suddenly facing one of the toughest job markets in months. Statistics Canada (StatCan) data shows the unemployment rate climbed to a 7-month high in April, but the real story is how the map is flipping. Traditional job engines like Ontario now rank among the worst in the country, while provinces long written off […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Hits 7-Month High As Workers Outpace Jobs Canada’s job market lost 18,000 jobs in April, and looking past the headline data reveals a worse picture. The country shed 47,000 full-time roles last month, shedding 111,000 in the first 4 months […]
Canada turned to cheap credit to prevent a housing correction, turning a bubble into a generational crisis. Statistics Canada (StatCan) examined housing across generations to compare the living situation of Millennials aged 25 to 39 in 2021 to those of Gen X and Boomers. They found that nearly 1 in 6 Millennials across the country […]
Greater Toronto real estate is finally showing some signs of improvement. Toronto Regional Real Estate Board (TRREB) data shows prices climbed again in April. The climb was accompanied by more sales and fewer listings, which sounds a lot like a recovery. That is, until one realizes last month was still one of the worst Aprils […]
Greater Toronto’s rental shortage is now a distant memory, but the rents have yet to adjust. Urbanation data reveals the Greater Toronto and Hamilton Area (GTHA) has seen a sharp uptick in rental vacancies in Q1 2026. The sticker price of rents hasn’t moved much, but incentives are growing as landlords position the slump as […]
Canadian mortgage delinquencies are rising. As reported last week, the latest CBA arrears rate hit 0.28% in February, double the record lows over the past 4 years. It hasn’t surprised many, especially those in the industry who have been sounding the alarm. However, most will be surprised to learn who’s falling behind—especially regulators. Mortgage Delinquencies […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks See Mortgage Arrears Surge 89% From Record Lows Canada’s banks are seeing mortgage arrears climb at an unusual pace. The arrears rate reached 0.28% in February, up 5 basis points from last year and driven by the volume of past […]
Canada’s building boom is slowing, but not in the country’s biggest markets—with a big exception. Canada Mortgage and Housing Corporation (CMHC) data shows new housing starts fell in March. Despite the drop, two of the three largest markets saw an uptick in building activity. The exception was Canada’s most expensive market, where completed and unsold […]
