News
This Week’s Top Stories: Canada’s Happiness Rank Spirals, Ontario’s Condo Bailout
1+ hour, 17+ min ago (63+ words) Canada's Happiness Plunge: Among The Worst Places For Young Adults Canadian Regulator Secretly Threatens Banks Over Risky Mortgages Ahead of 2027 Ontario Launches $1.3B Toronto Condo Developer Bailout, Warns Bank Canadian Banks' $7B Side Hustle: Involuntary Real Estate Liquidator Canadian Real Estate's Biggest…...
Canadian Banks’ $7B Side Hustle: Involuntary Real Estate Liquidator
3+ day, 34+ min ago (543+ words) The net impaired amount is the total losses banks face after credit provisions. It's obtained by taking the value of Stage 3 mortgage debt outstanding and subtracting allowances for expected credit losses. Don't worry, we'll break it down for those who…...
Canada’s Rental Bubble Moves East: Halifax Nears Toronto Prices
2+ week, 4+ day ago (553+ words) We're using StatCan's 2-bedroom asking prices'what landlords want, not what they actually get. This differs from StatCan's CPI rent index, which tracks actual rents paid by new and existing tenants. Asking prices show what new renters face, CPI rent tracks…...
Canada's Mortgage Delinquency Surge Now Resembles US Housing Crash
2+ week, 4+ day ago (623+ words) 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,…...
Toronto Condos In Recession, Filled With Supply No One Wants: BMO
2+ week, 6+ day ago (393+ words) 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." Source: BMO Capital Markets;…...
This Week's Top Stories: Canada's Housing Crisis Deepens, Toronto Home Sales Hit New Lows
3+ week, 1+ hour ago (279+ words) Canada's Public Spending Spree Means Higher Mortgages For Longer Toronto Real Estate Sales Fall To New Lows, Prices Tick Higher Toronto home prices ticked 0.29% higher to $938,800 in February, but don't read too much into it. Sales collapsed to their weakest…...
Canada's Public Spending Spree Means Higher Mortgages For Longer
3+ week, 1+ day ago (450+ words) Canadian government expenditures have decisively outpaced broader economic growth over the past decade," writes the bank." The divergence between Canada and the US in the above chart turns more surprising when broken down. Since 2022, Canada's trailed in major GDP components,…...
Canadian Housing Affordability Makes Gains, Still Far Out of Reach: NBF
3+ week, 5+ day ago (616+ words) Canadian housing affordability is improving faster than ever, but has a long way to go. Monthly mortgage payments as a percentage of income fell 0.4 percentage points to 51.6% in Q4 2025, 4.5 points lower than last year and 10.4 points below the record high reached…...
Canada’s Rental Crisis Moves East: Nova Scotia Now Least Affordable Province
3+ week, 5+ day ago (324+ words) Let's start with the good news'the pressure on renters peaked in early 2023. All five of the provinces tracked by the firm have seen affordability improve since then, though they remain far from where they started in 2019. Unfortunately, it's important to…...
Canada Uses Accounting Trick To Hit Delayed Immigration Target: PBO
1+ mon, 3+ day ago (369+ words) In either case, the more interesting part is the accounting schemes needed to hit the new goal." "We estimate that without the 148,000 additional PR admissions planned under the one-time initiatives'which reduce the NPR population without affecting the number of people…...