The Federal Open Market Committee, the Bank of Canada’s equivalent of the Governing Council, announced last week that it would raise the overnight federal funds rate by 25 basis points to 3.75%-to-4.0%. The key question is whether it’s a one-off or the start of something deeper and longer. We suspect the latter. The Fed has […]

The economic headlines over the last few years have felt relentless. Between rate shifts, inflation spikes, and global uncertainties, it’s easy for both buyers and property owners to feel overwhelmed. However, looking past the media noise reveals a different story. At the recent PacWest Real Estate Conference, BCREA Chief Economist Brendon Ogmundson presented a grounded, […]

Housing Market Activity Picked Up Again in July As New Listings Slowed and Prices Ticked Up For the First Time in Almost Two Years According to data released this morning by the Canadian Real Estate Association (CREA), the Canadian housing market continued to improve in July. Home sales increased month-over-month (m/m) by 0.5%, marking the […]

Canadian CPI Inflation Edges Up to 3.0% in July, While Core Inflation Remains Below Its 2% Target The Consumer Price Index (CPI) rose 3.0% y/y in July, following the June gain of 2.8%. The inflation uptick was caused by higher gasoline prices and a rise in the cost of travel tours. Slowing the faster price […]

Housing Market  Momentum Persists in June, and the Bank of Canada Held Rates Steady Canada’s housing market gained meaningful momentum in May and June. The number of home sales recorded over Canadian MLS® Systems edged up a further 0.5% on a month-over-month basis in June 2026. This builds on the 5.5% jump recorded in May and […]

Canadian Inflation Rose to 3.2% in May as Core Inflation Remained Subdued Higher gasoline prices pushed Canadian inflation to a more than two-year high, while underlying inflation pressures showed little sign of accelerating, with core measures broadly unchanged and price gains less broad-based. Canada’s annual inflation rate rose to 3.2% in May, Statistics Canada reported […]

Housing Market Regains Momentum, Providing a Strong Handoff into Summer Canada’s housing market gained meaningful momentum in May, with sales posting their strongest monthly increase of the year and leading indicators pointing to further improvement in June. After months of uncertainty, the market appears to be transitioning from stabilization to recovery as lower borrowing costs, […]

Bank of Canada Holds Policy Rate Steady Today, the Bank of Canada once again held the policy rate at 2.25%. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. With inflation hovering at 2.8% and core inflation falling to 2.0% (as of April […]

So Much For Recession Worries, The May Jobs Report For Canada Was A Blockbuster Canadian employment surged 87,800 in May, the strongest reading since 2024. Today’s Labour Market Survey dispels recession concerns, but leaves the Bank of Canada open to a possible rate hike later this year or next if inflation remains troubling. The Canadian […]

Housing Activity Strengthened in April As The Month Progressed The number of home sales recorded on Canadian MLS® Systems was up 0.7% month over month in April 2026. According to Shaun Cathcart, Senior Economist with the Canadian Real Estate Association (CREA), “While home sales were up only modestly from March to April, the small increase […]