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MCAN grows Q2 profit on wider spreads, record insured mortgage volumes
MCAN grows Q2 profit on wider spreads, record insured mortgage volumes

MCAN posts Q2 profit growth as loan portfolios expand and new securitization channel launches.

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Aug 08, 2025
Canada unexpectedly sheds 40,800 jobs, most since pandemic
Canada unexpectedly sheds 40,800 jobs, most since pandemic

The Canadian economy lost the most jobs since January 2022, and excluding the pandemic, it’s the largest drop in seven years.

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Aug 08, 2025
Weak jobs report unlikely to sway Bank of Canada in September, economists say
Weak jobs report unlikely to sway Bank of Canada in September, economists say

July’s surprise employment losses point to a softer economy, but economists say the data isn’t enough to shift the central bank’s next move.

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Aug 08, 2025
Average asking rents fall annually for 10th straight month to $2,121: report
Average asking rents fall annually for 10th straight month to $2,121: report

The national average asking rent in July fell 3.6% from a year earlier to $2,121, marking the 10th straight month of year-over-year decreases and the largest drop of 2025 so far.

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Aug 08, 2025
Seniors rarely downsize — here’s why that’s hurting first-time homebuyers
Seniors rarely downsize — here’s why that’s hurting first-time homebuyers

Realtor Barry Lebow specializes in helping seniors downsize — moving out of the family homes they've lived in for decades to a smaller place that's a better fit for their aging lifestyle.

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Jul 25, 2025
CFIB foresees recession in Canada, with economic contractions in Q2 and Q3
CFIB foresees recession in Canada, with economic contractions in Q2 and Q3

The Canadian Federation of Independent Business is forecasting a recession in Canada this year. 

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Jul 24, 2025
Nova Scotia must double housing starts to restore pre-COVID affordability: report
Nova Scotia must double housing starts to restore pre-COVID affordability: report

Canada’s national housing agency says the number of annual residential construction starts in Nova Scotia must double for 10 years for the market to reach pre-pandemic affordability levels, a target the province says is doable — with multi-level gove...

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Jul 24, 2025
Retail sales fell in May, but June flash data offers signs of a turnaround
Retail sales fell in May, but June flash data offers signs of a turnaround

Core spending held steady in May despite headline declines, and early June data suggests momentum may be stabilizing ahead of Q3.

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Jul 24, 2025
Ottawa threatens to pull Toronto’s housing funding over sixplex decision
Ottawa threatens to pull Toronto’s housing funding over sixplex decision

Claiming the city is falling short on its promise to ramp up density, federal Housing Minister Gregor Robertson is threatening to pull some of Toronto's housing funding.

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Jul 24, 2025
Fixed-rate borrowers face up to 20% payment hikes at renewal, BoC warns
Fixed-rate borrowers face up to 20% payment hikes at renewal, BoC warns

Bank of Canada data shows fixed-rate borrowers face the steepest payment hikes this year and next, but not all mortgage holders are in the same boat

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Jul 23, 2025
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