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 […]
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 […]
Vancouver real estate is known for excess, but that’s usually not in reference to inventory. Greater Vancouver Realtors (GVREB) data shows prices nearly hit a 5-year low in April. The market was lucky enough to avoid a Toronto-style correction until this point. However, weak demand and soaring inventory are sending a warning that its luck […]
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 […]
Canada’s population is shrinking for the first time since Confederation, but not all provinces are shrinking. Statistics Canada’s (StatCan) Q1 2026 population estimates show a 0.25% decline (-103.5k people) to 41.47 million, with most of the drop coming from Ontario. Meanwhile, Alberta is the sole province growing—a divergence shaped by tighter immigration policy hitting some […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks See Mortgage Delinquencies Hit 2015 Recession Levels Canadian banks rarely see mortgage delinquencies surge, but they are now. The CBA national arrears rate climbed to 0.27% in January, the highest level since 2017. The banks held 13,422 mortgages in arrears […]
Vancouver home prices demonstrated resilience against rising rates, and they may be doing the same with weakening demand. Greater Vancouver Realtors (GVREB) data shows prices rose in March, a first in a very long time for the region. Before declaring the market back from the dead, the minor growth may be noise, considering that sales […]
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 […]
