Canada is bleeding capital at the fastest rate since the Financial Crisis. Statistics Canada’s (Stat Can) latest data shows foreign investors pulled billions from the country in Q2, with domestic investors joining the exodus. This goes beyond tariffs—the sheer scale and pace of outflows point to deeper structural cracks and fading confidence in the country’s […] The post Canada’s Capital Flight Crisis: Record Exit By Foreign & Domestic Investors appeared first on Better Dwelling.| Better Dwelling
Remote work may be billed as the future of work, but in Canada it’s in retreat. Statistics Canada (Stat Can) data shows 790,000 fewer remote workers since 2022, while 1.5 million more became daily commuters. Policymakers have driven the shift to prop up big-city downtowns—leaving households to pay the price in both time and money. […] The post Canada Returns To The Office As Remote Work Shrinks By 790k appeared first on Better Dwelling.| Better Dwelling
More Canadian real estate sellers are pulling listings, as market conditions loosen. Canadian Real Estate Association (CREA) data shows the share of canceled listings climbed in July, continuing an upward trend amid rising inventory. The elevated share of cancellations, combined with higher inventory, has pushed volumes to a record high. A wave of new completions […] The post Canadian Real Estate Sellers Canceled Over 1 In 5 Listings, Record Volume appeared first on Better Dwelling.| Better Dwelling
Canadian mortgage borrowing is improving, but don’t mistake it for a rebound. Bank of Canada (BoC) data shows household mortgage credit grew in June—marking the third consecutive month of acceleration. Growth is slow and steady, but it still resembles a recession more than a recovery. Canadian Mortgage Debt Hits $2.3 Trillion, But A Recovery Still […] The post Canadian Mortgage Debt Growing, But Pace Is Still Near Recession Levels appeared first on Better Dwelling.| Better Dwelling
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Originations Rise 27%, Second Biggest Month On RecordCanadian mortgage originations hit $40.7 billion in June, up 27.5% from last year—making it the second-biggest month on record. That kind of surge would normally signal renewed housing demand, but not this time. […] The post This Week’s Top Stories: Canadian Mortgage Originations Surge, and Toronto’s Condo Market Collapse appeared first on...| Better Dwelling
Canadian mortgage borrowing is suddenly surging, despite tepid home sales. Bank of Canada (BoC) data reveals uninsured mortgage originations rose to the second-highest June on record. Rapid credit growth typically signals rising confidence, but this spike likely reflects completions from the pre-construction boom during the pandemic-era low-rate frenzy. With near-record housing under construction, originations are […] The post Canadian Mortgage Originations Rise 27%, Second-Biggest Month On...| Better Dwelling
It always goes up—until it doesn’t. Once thought invincible, the Toronto condo market is in freefall and about to hit reality. Toronto CMA condo starts plunged further in July, and RBC economists see weak pre-construction sales pushing them even lower. The bank counters the claim that red tape is holding development back, instead attributing the […] The post Toronto’s Condo Market Is Spiraling Towards A Hard Landing appeared first on Better Dwelling.| Better Dwelling
Canadian headline inflation came down sharply but that doesn’t tell the full story. Statistics Canada data shows the headline consumer price index (CPI) climbed 1.7% year-over-year (YoY) in July, down from 1.9% in June. The deceleration was almost entirely due to gas prices, leading to a modeling skew. A deeper dive into the numbers reveals […] The post Canadian Inflation Actually Accelerated—Especially Shelter, Food, & BoC Measures appeared first on Better Dwelling.| Better Dwelling
The Bank of Canada held rates at its July meeting—a widely expected move in response to market uncertainty and rising inflation expectations.| Better Dwelling
Canadian real estate hasn't seen its demand balance erode this rapidly since 1988, proceeding the 90s market crash.| Better Dwelling
This week's top stories include the record outflow of Canadians leaving the country, the BoC may hold rates, and GDP is relatively resilient.| Better Dwelling
Canadian building permits fell 14% in April, despite billions in subsidies—raising questions about the effectiveness of stimulus policies.| Better Dwelling
Canadian real estate sales may be slow, but the few people buying are paying more. Brookfield’s Real Property Solutions (RPS) released its House Price Index (HPI) for April, showing annual growth continuing to decelerate. However, the 12-month change fails to capture a potential shift in sentiment—last month prices made the biggest jump in 9-months. The […]| Better Dwelling
Canada's labour market is showing the worst relative performance since 2001, and a weak loonie usually follows.| Better Dwelling
Canada’s central bank is just realizing the mortgage rate renewal cliff is much smaller than thought. The Bank of Canada’s (BoC) Financial Stability Report (FSR) shows the average mortgage payment will rise much less than anticipated on renewal. Economists from BMO Capital Markets told investors the improvements are mostly already reflected in the market. Those […]| Better Dwelling
The number two at Canada’s central bank just made it clear she isn’t a policy cheerleader, like the Governor has been in recent months. Bank of Canada (BoC) Deputy Governor Carolyn Rogers addressed finance professionals at the Economic Club of Canada last week, explaining the usual mortgage market risks. It got more interesting when she […]| Better Dwelling
Greater Toronto’s Great Supply Shortage may be coming to an end, but the narrative is alive and well. Data from developer consulting firm Urbanation shows new purpose-built rental vacancy rates across the Greater Toronto-Hamilton Area (GTHA) have climbed significantly as of Q1 2024. The share of available units is now much higher than pre-2019 rates, […]| Better Dwelling