Canada’s housing starts in June remained steady overall, with a slight increase of 0.4% in the seasonally adjusted annual rate (SAAR) from May, reaching 283,734 units. This national stability, however, masks significant regional variations. Here’s a breakdown of the key findings: National Trend: The total monthly SAAR of housing starts for all areas in Canada […]
Ontario’s economy is currently navigating a challenging period, despite receiving the largest provincial fiscal support package in Canada, totaling about 1.5% of its GDP for the 2025 budget. With the economic environment cooling, it’s becoming increasingly likely that businesses will need to access some of this funding. Softening Job Market Ontario’s job market has weakened […]
RBC’s latest economic report indicates that Canada’s housing market began to find a footing in May, showing initial signs of stabilizing after a period of uncertainty. This follows a broader de-escalation of trade tensions. Key Highlights from May: Resales: Home resales increased for the second consecutive month, rising by 3.6% in May. This marked a […]
RBC has observed a notable uptick in mortgage delinquencies, particularly within the Greater Toronto Area (GTA), signaling emerging financial stress among homeowners. In its second-quarter earnings report, the bank revealed that the 90-day mortgage delinquency rate rose to 0.30%, up from 0.28% in the first quarter and 0.19% in the same period the […]
Before starting the homebuying process, it’s important to recognize that having a down payment ready is just one step. Many prospective buyers overlook key factors that can affect their ability to purchase a home successfully. Financial Preparedness:Many buyers believe they’re ready because they’ve saved a down payment, but they often skip important steps like getting […]
We expect the Bank of Canada to hold rates steady on Wednesday, following April’s pause after seven consecutive cuts. While arguments for a cut remain—such as weakening labour markets, particularly in manufacturing (which saw a 30,600-job drop in April, the largest monthly decline since the pandemic), an uptick in unemployment to 6.9% from 6.6% in […]
On the surface, the latest inflation report brought welcome news: Canada’s annual inflation rate slowed to 1.7% in April. This drop below the Bank of Canada’s 2% target would normally have markets buzzing about an imminent interest rate cut. However, a closer look at the data reveals a much more complicated picture, clouding the path […]
TD Bank’s latest quarterly earnings report reveals a significant trend in the Canadian housing market: its residential mortgage portfolio shrank in the second quarter of 2025. This slowdown in one of the country’s largest lenders offers a clear window into the pressures facing both banks and consumers in a high-interest rate environment. The bank’s Canadian […]
The latest data from Equifax Canada paints a concerning picture of the financial health of the nation. A staggering 1.4 million Canadians missed at least one credit payment in the first quarter of 2025, signaling rising financial stress amid persistent economic uncertainty. This trend highlights a growing divide between those who are managing and those […]
Canada’s housing market has seen a subtle shift, with homeownership costs experiencing their fourth consecutive quarterly decline in late 2023. On average, Canadian households are now allocating 55.9% of their income to cover essential housing expenses like mortgage payments, property taxes, and utilities. This marks a notable improvement from the peak of 63.8% recorded just […]
