Tag: economy
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Canadians Are Fleeing the Country at the Highest Rate in Over 70 Years
Canada is experiencing record levels of emigration, with new data showing more citizens and permanent residents are leaving the country than at any point in over seven decades. According to Statistics Canada, an estimated 30,092 Canadians emigrated during the first quarter of 2026. The figure represents a 0.9% increase from the same period last year…
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Canadian Household Debt Is Becoming Even More Concentrated in Mortgages
Canadian household debt continues to climb, but new data suggests the bigger issue may be where that debt is concentrated. According to Statistics Canada data highlighted by Better Dwelling, Canadian household debt reached $3.24 trillion in March 2026, with mortgage debt making up nearly three-quarters of the total. Household Debt Hit $3.24 Trillion Canadian households…
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Canadian Mortgage Rates Could Climb as Bond Yields Hit Highest Level Since 2010
Canadian mortgage borrowers may be facing renewed rate pressure, even as underlying inflation shows signs of cooling. According to BMO commentary highlighted by Better Dwelling, long-term Government of Canada bond yields have climbed to their highest level since 2010, raising concerns that borrowing costs could remain elevated or move higher. Long-Term Bond Yields Hit a…
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Canadian Homeowners Have Lost Nearly 20% of Home Value Since 2022 Peak
Canada’s housing market downturn has now erased a significant portion of the gains seen during the pandemic-era housing boom. According to recent housing market analysis and benchmark price data, many Canadian homeowners have seen home values fall nearly 20% from peak levels reached in early 2022 as higher interest rates and weaker buyer demand continue…
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A $50K Salary In 1980 Could Be Equivalent To Roughly $250K Today
A growing conversation around affordability and generational wealth is gaining attention online after comparisons showed how far a middle-class salary once stretched compared to today. According to inflation calculators and historical economic data, a $50,000 salary in 1980 could be roughly equivalent to earning around $250,000 annually today depending on the inflation measure used. The…
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Canada Hits Worst Insolvency Levels Since The Financial Crisis – Here’s What It Could Mean For Canadians
Canada is seeing its highest insolvency levels since the 2009 financial crisis, according to new data from the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) and the Office of the Superintendent of Bankruptcy (OSB). More than 37,000 Canadians reportedly filed for insolvency during the first three months of 2026 alone – averaging roughly 17…
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Canada’s Federal Debt Could Reach $2.9 Trillion by 2030
Canada’s federal debt is projected to reach nearly $2.9 trillion by 2030, according to a new analysis highlighted by the Fraser Institute following the federal government’s latest fiscal update. The projection comes as the federal government forecasts another large deficit this year, with additional deficits expected over the coming years. Canada Is Projecting Another Major…
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Bank of Canada Expected to Hold Rates at 2.25% on April 29, 2026
Canada’s interest rate outlook is coming into sharper focus, with economists expecting the Bank of Canada to hold its key policy rate steady. With inflation still within target and economic uncertainty lingering, the central bank is showing little urgency to either cut or raise rates in the near term. Rates Expected to Hold Around Current…
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Gas Prices Just Spiked – Here’s Why That Could Hurt Homebuyers
Canada’s housing outlook just took another unexpected turn. After months of cooling inflation and expectations that mortgage relief was on the way, a sudden surge in gas prices is now threatening to reverse that trend and put pressure back on borrowers. According to BMO Capital Markets, gas prices jumped roughly 21% in March, marking the…
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Canada’s Household Debt Crisis: Now 2nd Highest in the OECD
Canada’s household debt problem is no longer just a concern. It is now among the worst in the developed world. New data from the Organisation for Economic Co-operation and Development (OECD) shows Canada has climbed to 2nd place among OECD countries for household debt relative to GDP, sitting at approximately 103% of GDP. Only Switzerland ranks higher. This puts…
Canada Housing Market 