economic data Archives - Page 2 of 3 - Mortgage Rates & Mortgage Broker News in Canada

CMHC reports seasonally adjusted rate of housing starts slowed in February

March 17, 2025 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed 4% compared with January.

Five things to watch for in the Canadian business world in the coming week

March 16, 2025 No Comments

Five things to watch for in the Canadian business world in the coming week:

Canadian household net worth climbs as assets gain, but debt levels also rising

March 13, 2025 No Comments

Canadian households saw their net worth grow by $236.3 billion (+1.4%) in the fourth quarter of 2024, pushing total household wealth to $17.5 trillion, according to Statistics Canada.

Canadian building permit values fell 3.2% in January

March 13, 2025 No Comments

The total value of building permits issued in Canada fell 3.2% in January, reaching $12.8 billion, according to Statistics Canada. The decline was mostly due to a drop in residential construction plans.

Q4 economic growth surges, but tariffs may sway BoC’s next move

February 28, 2025 No Comments

Canada’s economy outperformed expectations to close out 2024, but economists say the Bank of Canada’s next move will likely hinge more on tariff risks than on last quarter’s growth.

Housing starts up 3% in January, but trade risks add ‘significant uncertainty’: CMHC

February 17, 2025 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January rose three per cent compared with December, helped by strength in multi-unit starts in Quebec and B.C.

Building permits hit highest level since 2017

February 11, 2025 No Comments

Canada’s construction sector ended 2024 on a high note, with the total value of building permits surging 11% in December to $13.1 billion, according to the latest data from Statistics Canada.

November GDP falls short of expectations, marking largest decline since December 2023

January 31, 2025 No Comments

Canada’s real GDP fell 0.2% in November, the largest monthly decline since December 2023, according to Statistics Canada.

CMHC says total housing starts in 2024 up 2% from 2023

January 16, 2025 No Comments

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

January 10, 2025 No Comments

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.

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