statcan Archives - Mortgage Rates & Mortgage Broker News in Canada

Retail sales in Canada see modest gains in Q3, but too soon to celebrate, economists say

November 22, 2024 No Comments

Retail sales in Canada increased 0.4% to $66.9 billion in September, contributing to a 0.9% growth for the third quarter, Statistics Canada reported.

Large GDP revisions from StatCan raise questions about past federal spending and monetary policy

November 17, 2024 No Comments

Canada’s economic data is under increasing scrutiny following recent GDP revisions, which raised growth figures by a cumulative 1.3 percentage points from 2021 to 2023, sparking concerns among experts.

StatCan latest wealth survey shows stark disparity between homeowners, renters

October 29, 2024 No Comments

Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what’s owned by Canada’s richest families.

Canada’s unemployment rate surges in wake of strong population growth

April 5, 2024 1 Comment

Canada’s unemployment rate surged to 6.1% in March, driven largely to population gains outpacing job growth.

Unexpected inflation drop won’t hasten Bank of Canada’s rate cut plans, economists say

February 20, 2024 No Comments

The Bank of Canada is still likely to wait until mid-year before delivering its first rate cut, despite January’s downside surprise in inflation, economists say.

Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto and Vancouver residents who don't own their homes face the greatest financial and mental pressures. A "For Rent" sign is posted outside a home in Toronto, Tuesday, July 12, 2022. THE CANADIAN PRESS/Cole Burston Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto and Vancouver residents who don't own their homes face the greatest financial and mental pressures. A "For Rent" sign is posted outside a home in Toronto, Tuesday, July 12, 2022. THE CANADIAN PRESS/Cole Burston

Vancouver and Toronto renters lament quality of life more than homeowners: StatCan

February 20, 2024 No Comments

Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto and Vancouver residents who don’t own their homes face the greatest financial pressures.

Bank of Canada’s rate-cut timing uncertain as economic growth beats expectations

January 31, 2024 No Comments

Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, economists say.

Youngest households reduce mortgage debt

Under-35 households lead the way in reducing mortgage debt, StatCan reports

January 25, 2024 1 Comment

Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

The Bank of Canada’s fight against inflation isn’t over as progress stalls in November

December 19, 2023 No Comments

Despite expectations that inflation would dip below 3% in November, headline inflation instead stalled, remaining unchanged from October.

Mortgage interest payments up nearly 90% since start of BoC rate hikes: StatCan

December 13, 2023 No Comments

Mortgage interest payments have now soared nearly 90% since the Bank of Canada started hiking interest rates in early 2022.

statcan