News

Statistics Canada: Quarterly rent statistics, second quarter 2026 The average asking rent for a two-bedroom apartment across all census metropolitan areas (CMAs) combined was $2,130 per month in the second quarter of 2026, down 3.6% from the second quarter of 2025. These findings are from the Quarterly Rent Statistics program for the second quarter of […]

National Bank of Canada Economic Watch The economy bounced back strongly in the quarter, as real GDP jumped 3.3% annualized, one tick below the consensus forecast. The previous quarter’s growth, meanwhile, was revised upwardly by four ticks to 0.3%. Domestic demand surged 3.9% in the three months to June (compared to -0.1% in Q1). Household […]

CMHC Summer Update: 2026 Housing Market Outlook Our Canadian economic outlook has changed little since the Winter Housing Market Outlook. Baseline growth in 2026 is still expected to be a modest 0.7%. Consumer spending, government investment and a rebound in exports should support growth. On the other hand, weaker residential construction and strong import growth should […]

Teranet-National Bank House Price Index falls for a fifth consecutive month The Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, fell by 0.7% from March to April, marking the fifth consecutive monthly decline (seasonally adjusted). In April, 6 of the 11 CMAs included in the index recorded declines: Winnipeg (-2.3% […]

TD Economics: 2026 Spring Economic Update Smaller Deficit This Year, But Windfall Doesn’t Last Government books look better than expected to end 2025-2026, with the deficit expected to be $11.4 billion smaller than expected. However, much of the windfall will be spent over the budget horizon. The update committed to $37.5 billion in new spending […]

Canadian Housing Activity Stays Quiet in February 2026 The number of home sales recorded over Canadian MLS® Systems dipped 1.3% on a month-over-month basis in February 2026.“February saw a continuation of the quieter levels of activity recorded in January, although there was some indication things were starting to pick up speed toward the end of […]

NBC: Two-Year Streak: Housing Affordability Improves Through 2025Q4 Highlights: Housing affordability improved again in the final quarter of 2025, marking an eighth consecutive quarterly gain, the longest streak on record. The mortgage payment as a percentage of income fell to 51.6%, its lowest level in almost four years. Even with the recent improvement, affordability remains […]

Why the Bank of Canada is holding its interest rate Key Takeaways:The Bank of Canada (BoC) just held its interest rate steady at 2.25% at its January 28 announcementThe BoC also opted to hold its rate at its last meeting of 2025 in DecemberTD Senior Economist Andrew Hencic said the central bank is likely to […]

TD Report: Credit & Debit Card Spending TD card spending growth came in a touch stronger in 2025 through November, up 5.4% relative to 4.9% in 2024. The category mix broadly echoed 2024, with services spending once again outpacing goods, and goods spending making a modest comeback. Entertainment spending was the standout in 2025, leading […]

CMHC: Residential Mortgage Industry Report Fall 2025 Edition HighlightsMortgage lenders experienced growth in originations — new mortgages for property purchase, refinances or when borrowers switch lenders — in the first half of 2025 compared to the first half of 2024. This growth was driven by increases in insured mortgages and refinances.Alternative lenders, who typically provide debt […]