Statistics Canada Archives - Better Dwelling

Canadian Inflation Slows But Rents Are Rising At The Fastest Rate In 40 Years

Daniel Wong — Tue, 21 Nov 2023 17:49:13 +0000

Canadian households are experiencing less intense inflation pain, but it still remains. Statistics Canada (Stat Can) data shows headline inflation in the Consumer Price Index (CPI) slowed in October. The deceleration was due almost entirely to falling gasoline prices, with inflation printing much higher numbers when excluded. Grocery and shelter costs continue to rise at […]

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Canada’s Largest Real Estate Markets Saw Supply Outpace Population: Stat Can

Stephen Punwasi — Tue, 13 Jun 2023 15:48:56 +0000

Canada’s national stats agency is pouring a bucket of ice water on the country’s speculative markets. The Canadian Housing Statistics Program (CHSP) crunched housing supply numbers from 2019 to 2021. The Statistics Canada (Stat Can) program found that both Toronto and Vancouver Census Metropolitan Areas (CMAs) saw its housing supply grow much faster than its […]

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Nearly Half of Canadians Are Worried About Shelter Costs: Stat Can

Daniel Wong — Mon, 13 Feb 2023 21:00:42 +0000

A large share of Canadians feel like they’re just a few bucks away from financial destabilization. Statistics Canada (Stat Can) released the results from its Canadian Social Survey on Quality of Life and Cost of Living for Q3 2022. The cost of living crisis has made life unstable for nearly a third of households, with […]

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Canadian New Home Prices Stall, Stat Can Makes Baseless Bullish Price Forecast

Stephen Punwasi — Tue, 24 Jan 2023 19:23:55 +0000

Canadian real estate’s slowdown is finally beginning to show up in new home prices. Statistics Canada (Stat Can) published the December update to its New Housing Price Index (NHPI). The data shows prices stalled and annual growth made its ninth consecutive deceleration. However, the biggest takeaway was the release—with the agency forecasting price growth without […]

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Canadian Building Permits Fall As Developers Plan 5% Fewer Units

Daniel Wong — Mon, 05 Dec 2022 16:47:44 +0000

The Great Canadian Real Estate Slowdown is set to continue into the future. Statistics Canada (Stat Can) data shows the value of building permits fell in October. The drop in permits shows less building activity is planned, especially for residential building. It sounds like bad news, but it might not be. Falling land and building […]

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Canadian Household Debt To Income Ties Record, Bigger Economic Drag This Time

Daniel Wong — Mon, 13 Jun 2022 20:05:15 +0000

Low rates and the promise of riches from ever rising home prices sent Canadians on an epic debt binge. Statistics Canada (Stat Can) data shows the household debt to disposable income ratio tied the record in Q1 2022. A tie might sound like we’ve seen this before, but interest rates make this situation stand out. […]

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Canadians Are Still Deferring Thousands of Mortgages At Non-Bank Lenders

Stephen Punwasi — Sat, 04 Jun 2022 18:08:25 +0000

Canadian employment is the highest in 40 years but borrowers are showing signs of stress. Statistics Canada (Stat Can) data shows non-bank lenders saw an uptick in early mortgage delinquencies for Q4 2021. However, they were able to maintain a lower default rate than commercial banks. Part of this is due to the thousands of […]

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Canadian Inflation Hits The Highest Level Since MC Hammer Released 2 Legit 2 Quit

Daniel Wong — Wed, 18 May 2022 20:26:18 +0000

Canadian households are dealing with the highest inflation in a generation. Statistics Canada (Stats Can) released Consumer Price Index (CPI) data for April. The agency attributes recent acceleration to food and shelter, which sent growth to the highest level since the early 90s. Some might be calling a top for growth, but that’s not what […]

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Canadians Are Seeing Real Wages Fall As Inflation Outpaces Income

Daniel Wong — Thu, 28 Apr 2022 19:25:58 +0000

The Canadian economy might seem booming — but not for everyone. Statistics Canada (Stat Can) payroll data shows elevated job vacancies in February. Wages increased, as one would expect with such high job vacancies. They just failed to keep up with the kind of growth expected in a high inflation environment. Average wages grew by […]

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Canadian Inflation Hits Highest Growth In 31 Years, Experts See Interest Rates Surging

Stephen Punwasi — Wed, 20 Apr 2022 16:03:12 +0000

Canadian households were hit with the fastest rise in living expenses in over 3 decades. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth for March was the highest in over 31 years. High crude oil prices have been the focus of most media attention, but the issue is much more […]

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