The Canadian economy has stalled, and the details offer little reassurance. Real GDP was flat in August for a second straight month, according to Statistics Canada (StatCan). Retail and credit card ...
The Ontario real estate downturn is expected to worsen. Mortgage arrears in the province are approaching 2008 levels, according to the CMHC. The risk is even further amplified in Greater Toronto, ...
The CMHC forecasts Canadian mortgage arrears will hit a 9-year high by 2027. Here is why the national housing agency might be underestimating the fallout.
Canadian real estate prices fell in 8 of 9 provinces last month. Ontario and BC lead the 22.5% drop from peak, but the broader market is now sliding.
A Bank of Canada staff paper finds about 80% of the building boost from rate cuts comes from excess demand, and ignoring shelter inflation fuels booms.
This week’s top stories include Canadian real estate prices are forecast to fall further, and banks wants more immigration to boost demand.
Halifax home prices posted their second-largest monthly dollar drop on record as September new listings hit a six-year high, despite rising sales.
Oxford Economics expects Canadian home prices to fall further as rising mortgage rates, weak hiring, and stretched valuations weigh on demand.
Canadian mortgage credit growth posted its weakest August since 2013. BMO warns renewed rate hikes could add pressure to borrowers.
GTA new home sales rose in September but remain historically weak. Single-family prices plunged $180k in four months, while condo sales hit a record low.
National Bank warns Canada’s housing market needs higher immigration and foreign buyers to clear a record inventory of unsold homes and avoid a demographic cliff.
The PBO projects Canada's federal borrowing will outpace deficits 2-to-1, with debt servicing costs exploding to consume 1 in 7 revenue dollars by 2030.
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