Real estate data

Canada's leading cause of inflation in housing grew 1.2% in Q4 2024, with strong growth in NFLD, NS, and NB

Labor productivity was flat in Q4 '24

GDP-per worker fell sharply in December in huge blow to 2024 gains

Goods-related GDP contracted on annual basis in November, manufacturing -3%

Unproductive bank lending continues to soar, further increasing financial crisis risk

BANK CREDIT-TO-GDP RATIO | CANADA

Source: Calculated using data from the Bank of Canada

Interest rate data

Nearly 1.5m Canadians were unemployed in December

Real estate data

Housing construction fell -1.72% y/y in February

Real estate data

Bank mortgages posted 5.1% growth in January in huge spike

Banking data

Variable rate mortgage issuance grew +300% y/y in January

Interest rates

Bank of Canada cuts rates yet again to 2.75% as unemployment rises

Outlook

National home prices upgraded to positive outlook

Leading cause of inflation in Canada's housing market returned in Q2 2024

HOUSING MORTGAGE IMBALANCE (PERCENT %) | CANADA

Source: Calculated using data from Statistics Canada

Real estate data

New home prices find support as bank mortgage balances return above 3% growth

How Canada can build more homes without higher housing costs - full free report

Canadian housing prices likely to contract on annualized basis in 2023 - report

New home prices ended 2023 down on annual basis, with bank mortgages growing below 3%

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Real estate

How Canada can build more homes without higher housing costs - full free report

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Real estate

A disaggregated credit model of home prices: explaining Canada's real estate bubble

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