economic data Archives - Mortgage Rates & Mortgage Broker News in Canada

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Steady May inflation figures don’t make the case for rate cuts: economists

June 24, 2025 No Comments

May inflation figures showed marginal improvements in some of the Bank of Canada’s closely watched price figures — a step in the right direction, some economists say, but likely not enough to convince the central bank to cut interest rates.

Inflation holds steady at 1.7% in May, but July rate cut hinges on trade talks

June 24, 2025 No Comments

Inflation data came in as expected, with core measures easing slightly, but that may not clear the path for a July rate cut, experts say.

Canada sees largest monthly drop in residential construction investment since 2021

June 23, 2025 No Comments

Residential construction investment fell 4.5% in April to $15.5 billion, the steepest monthly decline in dollar terms in nearly three years, led by a sharp pullback in multi-unit projects.

Retail sales rebound in April, but warning signs point to slowdown ahead

June 20, 2025 No Comments

While April marked a second month of gains, early data for May suggests the rebound is already faltering amid trade tensions and weakening demand.

Canadian households took on $9.1B in new mortgage debt in April

June 18, 2025 No Comments

Mortgage debt growth accelerated in April as Canadian households added $9.1 billion in new borrowing, even as non-mortgage credit slowed to its weakest pace in months.

Canada sees near-zero population growth as non-permanent resident numbers fall

June 18, 2025 7 Comments

Canada’s population was virtually unchanged in the first quarter of 2025, marking the slowest growth since the early days of the pandemic.

Shelter takes larger share in updated CPI basket weights

June 17, 2025 No Comments

The latest update to the Consumer Price Index (CPI) basket gives even more weight to shelter costs—particularly mortgage interest and rent—underscoring just how much housing expenses are shaping the inflation experience of Canadians.

Housing starts held firm in May as strong Prairie and Quebec activity offset B.C. slowdown

June 16, 2025 No Comments

Canada’s housing starts remained elevated in May, with the seasonally adjusted annual pace clocking in at 279,510 units—virtually unchanged from 280,181 in April, according to Canada Mortgage and Housing Corporation (CMHC).

Statistics Canada reports household debt-to-income ratio ticked higher in Q1

June 12, 2025 No Comments

Statistics Canada says the amount Canadians owe relative to their income ticked higher in the first quarter as debt grew faster than income.

National building permits drop 6.6% in April, led by steep pullback in Vancouver