Canada’s banks may have to take on a new side hustle—involuntary real estate liquidator. Preliminary Q1 2026 OSFI filings reveal explosive growth in uninsured mortgage net impairment amounts, funds that lenders recover by seizing and selling homes. This figure has surged 150% just as real estate values have plunged, leaving questions regarding how much can […]
In the Canadian financial system, mortgage fraud is considered especially tolerable. For Canada’s banks, there’s a dedicated regulator who investigates violations of the Bank Act known as the Office of the Superintendent of Financial Institutions (OSFI). These are their stories. Dun dun. Just kidding. But OSFI, Canada’s banking watchdog, isn’t. While the regulator has been […]
Canada’s most expensive markets are on a collision course with its formerly affordable markets. Statistics Canada (StatCan) data shows quarterly rents in Toronto and Vancouver cooled in Q4 2025. The gap between expensive and traditionally affordable markets didn’t, with cities like Halifax now renting where Toronto was just 4 years ago—despite the latter’s economy being […]
Smaller mortgages historically carried larger delinquency risks in Canada. Not anymore. TransUnion data now shows the largest mortgages falling into arrears at more than double the rate of the smallest. The reversal resembles the unwinding of the US housing bubble, when those with supersized mortgages rapidly cracked. Canadian Mortgage Risk Is Usually Concentrated At The […]
Greater Toronto’s real estate rut shows no signs of ending soon. BMO Capital Markets recently shot down the pent-up demand and slowing supply narratives, warning investors the market is filled with supply no one really wants. Toronto Real Estate Weakness Is Being Led By Condos Source: BMO Capital Markets; TRREB. Toronto’s slide continued last month […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Public Spending Spree Means Higher Mortgages For Longer A new National Bank of Canada (NBC) report confirms what most already know—government spending is spiralling. Government “investment” has grown at 3.5% annually over the past three years, over double the 1.7% rate […]
Toronto real estate’s downturn continued last month, showing few signs of improvement. Toronto Regional Real Estate Board (TRREB) data shows home prices made a minor increase in February. Despite the mild bump, sales slipped to one of the lowest levels on record, while robust inventory continued to stagnate in the market. Toronto Real Estate Prices […]
Canadian renters are seeing an improvement after years of hikes, but it’s a bit of a lottery. A new Rentals.ca report shows the gap between asking rental prices and incomes has steadily improved since peaking in early 2023. However, Alberta is the only province considered affordable—defined as the median household spending 30% or less of […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Delinquencies Just Made A Rare, Historic Jump Canadian banks are experiencing a sudden and abrupt climb in mortgage delinquencies—again. Banks reported the arrears rate climbed 1 basis point to 0.26% in December, the highest since June 2020. However, the key […]
Following one of the weakest years on record, Toronto developers just had the worst start to a year ever.BILD GTA and Altus Group data show Greater Toronto new home sales slipped lower in January, making it the weakest on record. The pullback in inventory was met with an even larger drop in sales, leaving the […]
