Canadian Unemployment Rises, Immigrants Sold On Non-Existent Opportunities

Canada’s labor market is stronger than expected, but most weren’t expecting much. Today’s Statistics Canada (Stat Can) Labor Force Survey (LFS) update shows the economy added more jobs than expected in November. However, the data also revealed more laborers were added than work, boosting unemployment. The trend is seen continuing near-term, with recent immigrants bearing […]

This Week’s Stop Stories: Canada Hides Its Vacant Home Count As Its International Student Boom Ends

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Weakness Might Be Overstated Canada’s labor market is weakening, but the weakness may be greatly overstated. Experts argue that post-recession, seasonal consumption patterns change in a way that is hard to measure until after the fact. As a result, even […]

Canada Can’t Double Housing Output. It Can’t Even Stop It From Dropping: BMO

If photos of policymakers in construction vests were new homes, Canada’s housing supply would be booming. Unfortunately, that’s not the case. BMO Capital Markets is warning investors that residential construction investment is plummeting. The drop may indicate the slowdown in new homes could drop even further in the near-future. The bank quips, perhaps the government […]

This Week’s Top Stories: Canadian Real Estate Inventory Is Rising & A $1.35 Billion Loan Default

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Most of Canada’s New Condos Are (Still) Investor Owned: Stat Can  Statistics Canada’s Canadian Housing Statistics Program (CHSP) released data showing most new condos are investor owned. The organization stated the data is increasingly important amidst public discussion about affordability. Ownership concentration […]