Canadian Real Estate Prices Fall Faster As Sales Rise With Listings - Better Dwelling
Canadian home prices dropped to a 4-year low in July, despite rising sales. A surge in listings is pushing prices lower as inventory piles.| Better Dwelling
Canadian home prices dropped to a 4-year low in July, despite rising sales. A surge in listings is pushing prices lower as inventory piles.| Better Dwelling
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
The kids are not alright, according to a new report from one of Canada’s Big Six banks. Statistics Canada (Stat Can) data shows the youth unemployment rate saw a sharp uptick in July, and has climbed to the highest level since 2010 (excluding pandemic). BMO notes that rising unemployment is typical in a recession, but […] The post Canada’s Youth Jobless Rate Fueled By Student Immigration Surge: BMO 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
Canadian condo apartments are sliding after dodging much of the housing correction. Canadian Real Estate Association (CREA) data shows benchmark condo prices fell for a fourth straight month in July, marking the start of a second wave of losses. Canadian Condo Apartment Prices Fall To A 4-Year Low Canadian benchmark condo: The price of a […]| Better Dwelling
Alberta is the only province making the most of Canada’s most valuable natural resource—young workers. Statistics Canada (Stat Can) interprovincial migration data shows it was the only province that managed to attract young workers, aged 25 to 45 years old. This demographic is critical to regions, driving economic growth and long-term prosperity. It’s the only affordable province that continues to make net gains from other provinces, proving they’re doing more than just providing affo...| betterdwelling.com
What trade war? Canada's normalizing population growth is restoring balance to its labour market and lowering unemployment.| Better Dwelling
Canadian steel tariffs might save jobs but it's causing a bigger drag on the economy—especially in real estate, hitting steel demand harder.| 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
Canada’s fastest growing real estate news site. Featuring the latest in Toronto and Vancouver real estate news, listings, and opinions.| Better Dwelling
Canadian real estate hasn't seen its demand balance erode this rapidly since 1988, proceeding the 90s market crash.| Better Dwelling
Canadians left the country in the second-highest Q1 volumes on record, a trend that's persistently accelerated since 2021.| Better Dwelling
Canadian apartment rents fell in Q1 2025 but prices remain up to 90% higher than in 2019, intensifying the affordability crisis.| Better Dwelling
Canadian CPI cooled, but RBC warned the threat of accelerating inflation remains and the central bank is likely at its neutral policy rate.| Better Dwelling
Canada’s reputation as a stable destination for wealth is quickly fading. H&P and New World Wealth (NWW) data shows the number of millionaires looking to migrate to a new country sharply increased in 2025. Despite the increase, Canada will see its net flow of HNWIs plunge, a sign its quality of life proposition is weakening. […]| Better Dwelling
The Canadian economy’s luck in the face of a trade war is fading, but has it run out? Statistics Canada’s (Stat Can) monthly gross domestic product (GDP) release shows output made a moderate contraction in April. Despite the economy being weaker than expected, experts are split on whether the country will avoid a recession—or whether […]| 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
Want to own a home in Canada? Have you tried wealthier parents? Statistics Canada (Stat Can) released a new study exploring the role of parental wealth in obtaining homeownership. They examined tax data to determine the homeownership rate for “adult children” born in the 1990s, in relation to their parent’s wealth. The odds of ownership […]| Better Dwelling
Running out of land is as Canadian as hockey, maple syrup, or laundering money for global crime networks. In fact, Canadians love running out of land so much, they do it every few years. Many are currently justifying high home prices by claiming a lack of land in Canada. This isn’t just something people have […]| Better Dwelling
Oh. Snap. Canada’s central bank just threw monetary policy shade at the Government of Canada. The Bank of Canada (BoC) just released a new study called The Central Bank Strikes Back! Credibility of Monetary Policy under Fiscal Influence. In it, they examine how a central bank should react when pressured by the government. They argue […]| Better Dwelling
Canada’s gross domestic product (GDP) may appear stable, but its foundation is anything but. Statistics Canada (Stat Can) data shows that real GDP rose 0.5% in Q1 2025, matching Q4 2024 after a downward revision. While the headline signals expansion, it conceals a more troubling reality: domestic economic activity is flatlining, and the terms of […]| Better Dwelling
Canadian inflation is officially “too high,” putting the Bank of Canada’s (BoC) credibility into jeopardy for the second time in five years. April inflation data breached the central bank’s upper tolerance band—just weeks after it dismissed accelerating price growth and cut rates, effectively adding inflationary stimulus. BMO had a blunt warning to investors this week: […]| Better Dwelling
The latest survey from Canada’s state-owned mortgage insurer reveals that the kids are not alright. CMHC data shows first-time purchasers increasingly depend on non-traditional funding such as non-mortgage debt, gifted down payments, and co-ownership with non-occupying residents. First-time buyers are showing more signs of being overextended despite increased leverage. Young adults are finding themselves in […]| Better Dwelling
Canadian bond yields are rising fast after hot inflation data, pushing fixed mortgage rates higher and wiping out progress made in 2025.| Better Dwelling
Canadian inflation slowed last month, though most people are unlikely to have noticed much savings (if any). Statistics Canada (Stat Can) data shows the headline Consumer Price Index (CPI) slowed in April. It was a result of last month’s removal of the consumer carbon tax, leading to an abrupt but temporary decline. However, a look […]| Better Dwelling
Weak demand for Canadian real estate continues to push prices lower. Canadian Real Estate Association (CREA) data shows the price of a composite benchmark (typical) home made a sharp downtick in April. The medium-term trend also reveals this is a more complicated issue than just trade war jitters. Over the past few years, buyers have […]| 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
Weekly wages increased slower than the rate of inflation, leaving many Canadians with less buying power than last year.| Better Dwelling
Canadian policymakers are floating the idea of capping study permits, but they don’t need to. Government of Canada (GoC) data shows a sharp decline in the number of study permit applications in September. When policymakers first pitched the idea of limiting students to help affordability, it appears they were attempting to save face. The public […]| 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
Canadian inflation should be smooth sailing, coming in low and stable from now on. A small catch though — your cost of living may not actually see low inflation. Statistics Canada (Stat Can) consumer price index (CPI) data shows an unexpected slowdown in June. The popular interpretation for today’s release is, this proves high inflation […]| Better Dwelling
Canada must have found some economic progress in the pocket of an old winter coat. Last week Statistics Canada (Stat Can) made some big upward revisions to the country’s gross domestic product (GDP) data. The country’s national statistics agency found the equivalent of a whole year of economic activity that was hiding between 2021 to […]| Better Dwelling
1 in 10 Vancouver real estate listings being resold have never been lived in...sometimes for years, sometimes for decades.| Better Dwelling
New data from the Ministry of Finance shows that Toronto real estate has a bigger problem than foreign buyers, speculators from Toronto.| Better Dwelling
Canadian rents are showing the first sign of weakness since the pandemic kicked off. A new report from Urbanation & rentals.ca shows the average rental price fell to $2,151 per month in October, down 1.2% since last year. It was the first year-over-year (y/y) drop since July 2021, with the 3-month trend showing annual growth […]| Better Dwelling
Canada’s government just went from labeling critics of its immigration policy as xenophobic to admitting their plan was unsustainable. This morning the Government of Canada (GoC) announced it won’t just throttle immigration, but the country will embrace intentional degrowth. The decision comes after a sharp decline in immigration applications, implying the sudden shift is more […]| Better Dwelling
About 6 years ago, deep-pocketed investors and institutions gathered at the Megatrends conference. Blackrock CEO Laurance Fink told them something that seemed unconventional in 2015. The two greatest stores of wealth internationally today is [one] contemporary art…,” said the $6 trillion asset manager. “And two… apartments in Manhattan, apartments in Vancouver, [and apartments] in London.” […]| Better Dwelling
Canada keeps repeating it’s spending billions on new housing, but with who, and how does it help? Earlier this week, Deputy Prime Minister Chrystia Freeland announced $1.2 billion worth of investments to build rentals in Toronto. It turns out over a third of those funds are going into one project—373 Front St East, which are […]| Better Dwelling
Canada is taking crisis-style mortgage market intervention, and making it an everyday thing. That was the feedback the Government of Canada (GoC) received from the CMHC. In recommendations dated in 2022, the CMHC explained the country’s plan to directly fund mortgage borrowing is unusual for a Sovereign, and blurs the line between normal markets and […]| Better Dwelling
Canadian real estate looks a lot like the US market before the crash, now that new research disproves the subprime myth.| Better Dwelling
CIBC Economics crunched the numbers on Greater Toronto condo investors, and found that nearly half collect less rent than the required mortgage payments. Most are still making money.| Better Dwelling
Home prices are expensive. Let’s build more homes, and the cost of all of them will become affordable. It’s supply and demand… like your local politician and mysteriously funded community group always say. Except homes are being built and delivered at a record pace, way in excess of population growth. You’re getting a little suspicious. […]| Better Dwelling
After decades of telling the public that low rates make housing affordable, Canada’s central bank is declaring, whoops! Bank of Canada (BoC) research shows decades of low rates did not make housing affordable. In fact, it had the opposite effect — increasing the size of mortgage debt. Real estate markets absorbed the increased debt capacity […]| Better Dwelling
The Greater Toronto condo market has been dominated by investors for years. That’s changing really fast, according to a new analysis from CIBC Economics. Over 4 in 5 investors with a condo apartment rental completed in 2024 are losing money, collecting less rent than they’re paying out. It’s a problem that’s long existed, but may […]| Better Dwelling
Canada rapidly scaled its generous immigration policy to fill a surge of vacant jobs. Those vacancies proved to be temporary, but the immigration policies remain largely unchanged. According to Bank of Canada (BoC) data, this is producing higher unemployment and more competition for the remaining jobs. As a result, 1 in 8 recently arrived immmigrants […]| Better Dwelling
Canadian policymakers created a bigger issue than the one they tried to solve with population growth. A new survey from Angus Reid found that 1 in 4 households are seriously considering leaving their province due to housing costs. Two key demographics are feeling the lion’s share of the pressure—young adults and recent immigrants. The problem […]| Better Dwelling
Canada’s labor market continues to add jobs, but not nearly enough to keep it from falling behind. Statistics Canada (Stat Can) released the latest Labor Force Survey (LFS) showing employment grew in May. The same data shows the growth was just a third of what was needed to accomodate its rapid population growth. As a […]| 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
