Real estate data

Canada's leading cause of inflation in housing grew 1% in Q3 2024, with strong growth in NFLD, NS, NB, and SK

Labor productivity contracted again in Q3

GDP-per worker returned to growth in October, but still at 2018 levels

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

Unproductive bank lending soared to new highs despite high rates, increased economic risks

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 contracted on annual basis in December

Real estate data

New home prices posted annual growth at the end of 2024

Banking data

Variable rate mortgage issuance grew 168% y/y in November

Interest rates

Bank of Canada cuts rates yet again to 3% as unemployment rises

Outlook

National home prices upgraded to positive outlook

Leading cause of inflation in Canada's housing market returns 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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