Blog

Despite having a record-high 650,000 construction workers in 2023, Canada’s housing production of 240,267 units fell short of the potential to build over 400,000 homes per year. Although more human and financial resources have been allocated to residential construction in recent years, housing starts have not kept pace with this investment. Achieving the Government’s Housing …

Home sales decreased by 1.7% between March and April, marking the second monthly decline in five months. On the supply side, new listings rose by 2.8% from March to April, the third increase in four months. Active listings surged by 5.8% in April after stabilizing the previous month, leading to an increase in the number …

Employment Growth Holds Steady April brought positive news for the Canadian job market with employment increasing by 90,000, a 0.4% rise. This growth stabilized the unemployment rate at 6.1% and kept the employment rate steady at 61.4%, following six months of consecutive declines. Who’s Benefiting from Employment Gains? Core-Aged Workers Shine Men (25 to 54 …

Following sharp declines during the COVID‑19 pandemic, many financial stress indicators have now returned to more normal levels. Here’s a breakdown of the current situation: Households Without Mortgages Most Affected Stress Concentration: Financial stress is primarily concentrated among households without mortgages, with renters being the most affected, according to survey data. Mortgage Holders: Stress indicators …

Eligible employees who worked from home in 2023 will need to utilize the Detailed Method to claim home office expenses. The temporary flat rate method, which was applicable for a limited period, does not extend to the 2023 tax year. As an employee, you may qualify to claim specific home office expenses. These expenses include …

Canada’s federal Finance Minister unveiled Budget 2024 on April 16th, showcasing a significant increase in gross new spending compared to pre-budget expectations. This surge in spending was partially counterbalanced by substantial taxation measures, resulting in a mixed net impact. The budget injects a short-term stimulus into the economy through substantial new spending initiatives. However, it …

Consumers perceive a slowdown in inflation, yet their short-term inflation expectations remain mostly unchanged. This perception is tied to their own experiences with price fluctuations in essentials like food and fuel. Long-term inflation expectations have risen but are still below historical averages. Concerns persist about high inflation, driven by factors like increased government spending and …

This week, central bankers made headlines, but it was Canadian economic data that caught everyone’s attention. February saw a notable improvement in inflation, while retail sales showed weakness, raising expectations for an earlier rate cut by the Bank of Canada (BoC). The BoC’s March deliberations confirmed their readiness to lower rates later in the year, …

In February 2024, Canadian home prices, as indicated by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI), remained stable compared to the previous month, marking an end to five consecutive declines that began last autumn. This information comes from the latest data released by the Canadian Real Estate Association (CREA). The fact that …