
economic indicators


Mortgage Digest: Younger homeowners lead the way in paying down mortgage debt
Younger Canadians are outpacing older demographics in reducing their mortgage debt, new research from Statistic Canada has found.

CMHC says total housing starts in 2024 up 2% from 2023
Canada Mortgage and Housing Corp. says the total number of housing starts in 2024 rose two per cent compared with 2023, helped by increased starts in Alberta, Quebec and the Atlantic provinces.

Strong job growth in December raises doubts about January rate cut
As Canada’s job market surged in December, economists are now questioning whether the Bank of Canada will move forward with another rate cut this month.

Statistics Canada reports real GDP grew 0.3% in October
Statistics Canada says the economy grew 0.3% in October, helped by strength in the mining, quarrying, and oil and gas extraction sector, following a 0.2% increase in September.

CMHC reports annual pace of housing starts up eight per cent in October
Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September.

CMHC reports September pace for housing starts up from August
Canada Mortgage and Housing Corp. says the annual pace of housing starts in September was up 5% compared with August.

Housing starts up in six largest cities but construction still not closing supply gap
The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose 4% year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.

Inflation eases further in July: Bank of Canada poised for rate cut
Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.

CMHC says annual pace of housing starts in July up 16% from June
The annual pace of housing starts in July climbed 16% compared with June as starts of multi-unit projects shot higher for the month, Canada Mortgage and Housing Corp. says.