Jan 31, 2025 · Gravy & cheese curds. Tegan & Sara. Denim & denim…there’s only one iconic duo that trumps those to Canadains, and it’s the tightly integrated economies of Canada and the US. Like all bromances, this relationship is going through a bit of a rough patch, with the new American administration threatening to impose 25% tariffs on […]

Dec 16, 2024 · Canada’s labor market just got another round of bad news from the national statistics agency. Statistics Canada (Stat Can) data shows job vacancies fell sharply in Q3 2024, but not due to a hiring boom this time. Employers are hiring for fewer roles, and the outright size of the country’s labor market has begun to shrink for the first time in years.

Feb 5, 2025 · Canada’s economy is booming… or not. Depends on whether you’re in economics or finance—or in academia or looking for a job. Statistics Canada (Stat Can) seasonally adjusted data shows the country added tens of thousands of …

Dec 19, 2023 · Canada may have record population growth but what happens if immigrants see the mass exodus of citizens? Statistics Canada (Stat Can) data shows Q3 2023 emigration, or reverse immigration, surged to an unusually high level. Canadians fled the country for a new home in such a large number, a 3 month outflow has only been larger 3 times in the past century.

Canada is a nation of landlords, and quickly turning it to a country of haves and have nots. A new data drop from Statistics Canada (Stat Can) shows the number of homeowners with at least one other home in 2020. Provinces reported as high as 1 in 5 homeowners held multiple properties, and owned over a third of the housing stock.

Jan 2, 2025 · Toronto real estate just got another sign that it entered one of its roughest markets ever. Equifax data shows the Greater Toronto mortgage delinquency rate climbed again in Q2 2024. Just two years after hitting a record low, the rate is now climbing at one of the most aggressive paces in history, hitting a 9 year high in the latest data.

Canadian household debt is back, but a little different this time. Statistics Canada (Stat Can) data shows households owed more than $3 trillion in September, a new record high. Both mortgage and consumer credit growth accelerated, the latter at a faster pace. An unusual trend that indicates households are gobbling up credit, but less of […]

Jan 9, 2025 · Canadian real estate in the 2020s is more for seniors than young adults, though it wasn’t always that way. Bank of Canada (BoC) 2024 mortgage data reveals that seniors are more likely to have a mortgage than those younger than 35 years old. Contrasting it with borrower age at origination reveals that those under 35 are less than half as …

Jan 27, 2025 · Canadian real estate isn’t getting much of a boost despite lower rates and billions in stimulus. Canadian Real Estate Association (CREA) data shows the price of a typical home (composite benchmark) slipped lower in December. Despite plunging rates, most provinces saw prices grind lower and all but one remained lower than the record high.

Dec 13, 2024 · Canadian interest rates might be coming down but the bond market is signaling higher mortgage rates. The Government of Canada (GoC) bond yields have reverse coursed and begun to climb sharply since central bank rate cuts earlier this week. Rising yields directly impact the cost of financing fixed-rate mortgages, which have been the most affordable […]