statcan Archives - Mortgage Rates & Mortgage Broker News in Canada

Big drop in commercial projects drags down March building permits

May 14, 2025 No Comments

The value of building permits in Canada fell 4.1% in March to $12.9 billion, pulled down entirely by a steep decline in non-residential construction, according to new data from Statistics Canada.

Canada’s GDP contracts in February, with more headwinds ahead

April 30, 2025 No Comments

Canada’s GDP started 2025 on a strong note, but February brought a sharp pullback, with growing tariff risks and ongoing uncertainty continuing to cloud the Bank of Canada’s policy outlook.

Matthew Kempton, portfolio manager at Verecan Capital Management

Anxious about the cost of having kids? Don’t get discouraged, experts say

April 29, 2025 No Comments

The average cost of raising children is nearing $300,000, according to Statistics Canada — and that’s only up until 17 years old. Post-secondary education is not included, and how many 17 year olds are fully self-supporting?

Dip in February retail sales strengthens case for another BoC rate cut

April 25, 2025 No Comments

A second straight monthly decline in Canadian retail sales is adding to expectations that the Bank of Canada will ease interest rates in June.

Rate hikes slow non-bank mortgage growth and fuel rise in arrears

April 23, 2025 No Comments

Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in delinquencies.

Young homeowners lead the way in paying down mortgage debt

Young Canadians shed mortgage debt as older homeowners borrow more

April 14, 2025 No Comments

Canadian homeowners experienced a shift in borrowing behaviour last year, with younger households reducing their mortgage balances while older age groups took on more debt.

FHSA sees strong uptake among young, high-earning Canadians in its first year

April 10, 2025 No Comments

Nearly half a million Canadians took advantage of the new First Home Savings Account (FHSA) in its debut year, according to newly released tax filing data from Statistics Canada.

Building permits rise in February, but residential construction weakens

April 10, 2025 No Comments

Canada’s building permit activity picked up in February, rising 2.9% to $13.1 billion, according to new data from Statistics Canada.

Job losses, tariff fears push BoC rate cut odds to near 50%

April 6, 2025 No Comments

March’s surprise job losses—the first in three years—signal early signs of trade war impacts on the Canadian economy, raising the odds of an April rate cut to 50%.

Retail sales fall 0.6% in January as holiday bump fades and tariff concerns grow

March 21, 2025 No Comments

After a strong surge in holiday shopping, Canadian consumers eased off the spending pedal in January as economic headwinds—including ongoing tariff uncertainty—tempered demand.

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