Canadian households may feel economic uncertainty, but the good news keeps rolling in. Statistics Canada (Stat Can) data shows that household net worth made a big jump in Q4 2024. In fact, every quarter in 2024 saw households gain more wealth as higher rates suppressed debt while wealth growth advanced. Unfortunately, it wasn’t a win […] The post Canadian Household Net Worth Is Soaring—But So Is Inequality appeared first on Better Dwelling ..read more

The Canadian economy has outperformed the central bank’s expectations for months now. That didn’t stop the Bank of Canada (BoC) from slashing the overnight rate by 0.25 points to 2.75% this morning. Since this easing cycle began 9 months ago, the key policy rate has been reduced by 2.25 points, making it one of the […] The post Bank of Canada Cuts Rates Despite Expecting A Big Inflation Jump appeared first on Better Dwelling ..read more

Canada’s last job report didn’t have a frenzy of good news, but there was one highlight—wage growth. That was the take from BMO Capital Markets, who wrote to investors this morning about the substantial wage growth in February. Even with inflation set to rise and erode some of that growth, workers saw their weekly pay […] The post Canadian Wages Are Still Growing Much Faster Than Usual: BMO appeared first on Better Dwelling ..read more

Canada’s next leader hasn’t officially assumed the role, but he’s already looking to stimulate real estate. Last week, Vancouver’s “Condo King” Bob Rennie revealed that he is working with newly-minted LPC leader Mark Carney. The two are considering a plan that would see the country’s state-owned mortgage insurer use taxpayer resources to attract foreign investment […] The post Canada’s Next PM Working w/Vancouver “Condo King” On Foreign Investment appeared first on Better Dwelling ..read more

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Stalls As More Young Adults Opt Out Of The Workforce Canada’s unemployment rate is stabilizing, easing the public’s economic concerns. However, looking past the headline data, we see the problem shifting to a different area. Last month’s job numbers and […] The post This Week’s Top Stories: Canadian Productivity Improves, & Toronto Real Estate Demand Collapses appeared first on Better Dwelling ..read more

No news is good news—at least when looking at the headline employment data. Statistics Canada (Stat Can) data shows that both the number of jobs and the unemployment rate were unchanged in February. Looking past the headline data was less flattering, revealing that more people opting out of the workforce is the primary reason for […] The post Canadian Unemployment Stalls As More Young Adults Opt Out Of The Workforce appeared first on Better Dwelling ..read more

Canada’s economy finally got some good news on the productivity front. Statistics Canada (Stat Can) data shows labor productivity jumped in Q4 2024. It was big enough to print annual growth for the first time in years. Before getting too excited, the growth was still abysmal and experts see tariff threats potentially derailing progress in […] The post Canadian Business Productivity Climbed For The First Time In Years appeared first on Better Dwelling ..read more

Greater Toronto real estate demand further eroded last month, but buyers likely didn’t notice. Toronto Regional Real Estate Board (TRREB) data shows home prices climbed in February. It wasn’t due to a lack of inventory, which hit the highest level since the 2008 Global Financial Crisis. Nor was it due to sales, which fell to […] The post Toronto Real Estate Prices Rise Despite Sales Collapsing 25% Lower appeared first on Better Dwelling ..read more

Time for your cheat sheet on this week’s top stories. Canadian Real Estate What Slowdown? Canadian GDP Tops BoC Call, Past Data Gets More Revisions Canadian GDP is growing much faster than the Bank of Canada (BoC) anticipated. Statistics Canada (Stat Can) released Q4 GDP data that shows annualized growth came in nearly a point […] The post This Week’s Top Stories: Canadian GDP Shows Massive Growth, & BoC To Hold Rates appeared first on Better Dwelling ..read more

Canada’s economy is doing much better than expected, led by consumer spending and real estate investment. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) growth surged in Q4 2024. The data came in significantly higher than the Bank of Canada (BoC) forecast. The agency also continued its trend of significant upward revisions […] The post What Slowdown? Canadian GDP Tops BoC Call, Past Data Gets More Revisions appeared first on Better Dwelling ..read more