The Consumer Price Index (CPI) rose 2.4% on a year-over-year basis in December, following a 2.2% increase in the prior two months. The year-over-year acceleration in the all-items CPI was driven by the temporary Goods and Services Tax (GST)/Harmonized Sales Tax (HST) break that began on December 14, 2024. This resulted in monthly declines for the exempt goods and services, which have now […]

Today’s release of December housing data by the Canadian Real Estate Association (CREA) showed the market ended 2025 with declining sales and prices due to ongoing economic uncertainty. The number of home sales recorded over Canadian MLS® Systems declined 2.7% m/m in December. On an annual basis, transactions totalled 470,314 units last year, a 1.9% decrease […]

Today’s Canadian Labour Force Survey for December was weaker than expected. Employment was little changed (+8200; 0.0%), and the employment rate held steady at 60.9%. This followed three consecutive monthly increases. The jobless rate rose 0.3 percentage points to 6.8%, as more people searched for work. The increase in the unemployment rate in December partially […]

The Canadian real estate industry may focus on rate decisions, but the mortgage industry is watching bond markets. The Government of Canada’s (GoC) 5-year bond yield—a key benchmark for fixed-rate mortgages—has surged in recent weeks, pushing borrowing costs higher instead of providing relief. The move reflects rapid market repricing, driven by stronger economic data and a global […]

On November 4, 2025, the Federal Government presented the 2025 Federal Budget, titled “Canada Strong”. There are a number of significant measures that will affect businesses, including immediate expensing for manufacturing and processing buildings, an increase to the expenditure limit for the Scientific Research and Experimental Development (SR&ED) program, and certain clean energy input tax […]

PwC also anticipates the growth of prefabricated and modular homes in 2026, provided the financing options adapt. Real estate is expected to be in transition next year as companies look to find new sources of growth, with Calgary’s market emerging as a particular bright spot, according to a PwC Canada report. The report, completed in partnership […]

Today, Finance Minister François-Philippe Champagne presented his first budget. Mark Carney was elected Prime Minister with a mandate to transform Canada’s economy and reduce its dependence on trade with the United States. The Carney government’s inaugural budget emphasizes structural changes to strengthen the domestic economy and boost non-U.S. exports, and it will be funded by […]

Bank of Canada Lowers Policy Rate to 2.25% Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.25% as was widely expected. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. The economy will grow at about a […]

The British Columbia government is proposing changes to its short-term rental laws, including allowing for compliance orders and penalties to be published to deter people from breaking the rules. Housing Minister Christine Boyle tabled an omnibus housing bill in the legislature, which would make changes to multiple pieces of legislation including the Local Government Act, […]

Canadian stocks hit a new all-time high despite tariff threats and a weakening economy. The S&P/TSX Composite Index rose 0.3% to climb above the key psychological threshold of 30,000 for the first time on Tuesday. The gauge has posted 45 closing records this year, the most since the recovery from the Covid-19 pandemic in 2021. […]