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 […]
Canada’s largest housing markets just added another entry to their growing list of warning signs. New CMHC and TransUnion data shows mortgage delinquency rates in Toronto and Vancouver climbed in Q3 2025. Vancouver’s rate has more than doubled from its 2022 record low, though it remains below the national level. Toronto wishes its rate only […]
National data won’t be available until later this month, but early data suggests it won’t be flattering. Looking at major markets, RBC economists saw further demand erosion in January. The bank warns that demand is eroding faster than supply, with few exceptions, resulting in further downward pressure on home prices in the near term. Canadian […]
Home prices in Vancouver have resisted the sharp downturn seen in Toronto, but that may be changing fast. Greater Vancouver Real Estate Board (GVREB) data shows prices made a sharp drop in January, with losses accelerating in recent months. A combination of weak demand and multi-year highs for inventory—and a new construction glut—signals more downward […]
Most Canadian real estate markets have resisted the national price decline—but that resilience is cracking. Canadian Real Estate Association (CREA) data shows the price of a typical home fell in December, with only PEI and Quebec posting gains. While most of the downward pressure has been concentrated in Ontario and BC, Nova Scotia abruptly posted […]
Canadian real estate developers are sitting on a record pile of unsold new homes. CMHC data shows completed and unsold new homes hit a record in December, a rare sight in a country where most units are sold pre-construction. Even more surprising is that half of these vacant new homes are in Toronto and Vancouver, […]
The Great Canadian migration to small towns wasn’t just a pandemic blip—it’s just getting started. Statistics Canada (StatCan) just released its 2025 urban (CMA) population estimates, and it reveals urbanization has stalled for the first time in decades. This isn’t just slower population growth—urban residents and new immigrants are increasingly avoiding Canada’s largest, most expensive […]
The Canadian real estate affordability crisis has eased—but housing is still far from affordable. RBC data shows Q3 2025 marked the seventh consecutive quarter of housing affordability improvements. Despite the persistent trend, affordability remains just slightly better than the peak of the 1990s real estate bubble. RBC warns that with rate cuts unlikely in 2026, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Arrears Climb To Highest Since 2020 Canada’s largest banks are seeing more mortgage stress than typical these days. The CBA’s mortgage arrears rate climbed to 0.24% in September, up 4 basis points from last year and 10 basis points from […]
