Inquiring minds want to know: can the Bank of Canada cut interest rates quickly enough to avoid a collapse of the housing market?
Butler says clients who locked in around 1.7 per cent in 2020 and 2021 are now renewing closer to four per cent, pushing payments up 20 to 25 per cent.
Even if the BoC cuts this week, affordability challenges will persist. “You cannot solve something that has taken 20, 30 years to build up in five minutes,” Tal said.
The list of what the Liberals consider to be “infrastructure” projects continues to boggle the mind. The main criteria apparently is that they be money-losing boondoggles.
Some of the projects identified for further development include enhancements to the Port of Churchill in Manitoba, a high-speed rail line between Toronto and Québec City, a 50-gigawatt wind energy project in Nova Scotia and an Alberta-based carbon capture and storage project.
I recently had an interesting encounter with a “Dragonfly” delivery guy that pegged my paronoia meter. I was washing my car and was expecting an Amazon delivery. When he came he delivered the package then turned his attention to the car and then to the neighbourhood, asking and the questions seemed abnormal, values of not only my car but of those of my neighbors and the houses. At the time I thought it was odd but I moved on.
Later I began to think this would be a perfect means to scout for vehicles, as there are literally hundreds of “new” Canadians running around in delivery vans in every community abling them to pass this intelligence back to the “theft” ring.
Man…..I’m losing it…..or maybe just my spidy sense is tingling
So the mainstream financial media is finally waking up to what most of us on SDA acknowledged long ago.
The job market is exhibiting some other recessionary characteristics, too. Desjardins Economics, in a report last Thursday, said the current youth unemployment rate “is now at a level more commonly seen during a recession.”
The unemployment rate for those aged 15 to 24 in August was 14.5 per cent, according to Statistics Canada, compared to nine per cent in July 2022.
Is rising unemployment part of Canadian exceptionalism too? I’m sure this can all be fixed with zero percent interest rates in any case.
Canada’s labour market shed a net 65,500 jobs in August and the unemployment rate jumped to 7.1 per cent, according to Statistics Canada data released on Friday.
The unemployment rate is now at its highest point outside of the pandemic since May 2016, and has risen 0.5 percentage points since the start of this year.
We seem to be having more contractions than a woman in labor, but I’m sure all the buy Canadian campaigns will make up for it, right?
Canada’s manufacturing sector contracted in August, clocking seven monthly reductions in a row, as manufacturers grappled with low export demand due to U.S. tariffs, along with logistical and pricing pressures, data showed on Tuesday.
Canada’s economic decline is getting noticed south of the border. Too bad many Canadians don’t appear to care.
More: Parliamentary Budget Officer reveals federal employees cost more than double the average Canadian income
The total federal public service headcount all categories, not just permanent was 282,980 in 2010. By 2024, it was 367,772. That’s a 30% increase overall. But notice the difference: indeterminate jobs grew even faster than the public service as a whole. In other words, the growth has been concentrated in the most secure, most expensive category. The permanent class.
Guess who’s buying all those new homes in Canada? Apparently, almost no one. The central question that the article fails to ask is this: whose balance sheets are taking the hit? In any case, retirees are never going to take up all the slack that investors are leaving behind.
There were just over 300 new homes sold across the entire Toronto region in April. A population of about 6.4 million people was mainly too scared to pull the trigger.
It was one of the worst months ever for sales, according to the Building Industry and Land Development Association. The market hasn’t improved much since.
“It’s a crazy market out there with condos,” she said, fully aware of the drop in sales and prices. June sales were just 510 units, 82 per cent below the 10-year average for the month, BILD said.
Learn to code, they said. But just don’t expect a job in Canada.
Canada’s tech job market has gone from boom to bust in a matter of years, a new study says.
The research released Tuesday by job postings site Indeed says August openings in the sector posted on its platform were down 19 per cent from their early 2020 levels.
Outside of a federal election every six months, I don’t see what could possibly prevent this ship from sinking.
Canada Post reported a loss before tax of $407 million in its second quarter as its parcels business fell due to labour uncertainty.
The company said its mail volume increased in the quarter, but it was largely driven by one-time federal election mailings, while parcels declined sharply as customers chose other carriers due to the labour uncertainty.
In a state-level party conference meeting on Saturday, Mr Merz said: “The welfare state as we have it today can no longer be financed with what we can economically afford.”
Once the export champion of Europe, Germany’s economy has slowed dramatically since 2017, with GDP growing by only 1.6 per cent since then versus 9.5 per cent for the rest of the eurozone.
Germany’s economy shrank by 0.2 per cent last year following a 0.3 per cent dip in 2023 – the first time since the early 2000s the economy has retreated two years in a row.
Industrial production fell under the Left-leaning “traffic light” coalition of Olaf Scholz and continues to slide under the new government, with GDP declining by 0.3 per cent in the second quarter of 2025.
Meanwhile, spending on social welfare has exploded, and is set to increase further this year as Germany’s population ages and unemployment rises. Although the majority of benefit recipients are German, large numbers are non-German citizens.
Who would ever think that flying a country’s flag in that same country would ever cause a controversy?! Oh wait, in February 2022, the media and Leftist politicians & their NPCs declared the Canadian flag a hate symbol. Ignoring that, a passive protest of resistance is growing in the UK (Ununited Kingdom). Much more here.
The fact of the matter is that John Q. Public is generally okay with the borrowing spree, no matter what the province or level of government. If there’s any negative consequences to an exponential rise in debt, most voters have pushed that concern to the back of their minds.
The province said its deficit is now projected to be $668.7 million for the 2025-26 fiscal year, up from the $549 million forecast in the March budget. Revenues are expected to be $59.6 million lower than forecast in the budget, and expenses are projected to be $60 million higher than the March estimate.
Where the foxes caper unmolested, the government packs your school lunch and end stage diversity arrives on the streets of London.
Happened in Tower Hamlets pic.twitter.com/LCNpJBxGkD
— London & UK Street News (@CrimeLdn) August 19, 2025
NBC was so embarrassed by MSNBC that they showed up at the door and took their letters back.
Cable news channel MSNBC is going to rebrand as My Source News Opinion World, or MS NOW, according to a new report from the New York Times. The change is happening because Comcast’s NBCUniversal is spinning off many of its cable TV assets into a new company called Versant, severing ties with the “NBC” part of MSNBC.
HAHAHAHA: MSNBC Rebrands as MS NOW, but the Web Domain Is for Korean Snowmobiles
Whatever happens to the housing industry in this country, the damage will invariably be papered over by financial institutions marking assets to book value instead of market value. That’s what they’ve been doing since 2008 and most everyone seems okay with it. What could possibly go wrong?
“I think the last time I saw this was in 2008-2009 during the financial crisis,” she said. “And in 2020 during COVID-19.”
Calderwood has built a career specializing in selling luxury real estate from condos to waterfront properties, and she has recently noticed both a decline in sales and prices, as well as a rise in foreclosures.
“It really picked up last year, but this year, too,” she said. “A lot of foreclosures and then you just see the price dropping. Sometimes people are losing a couple of million.”
RUN FER YER LIVES: “Frankenstein” rabbits are spreading across the US.
The fact of the matter is that most voters only want spending cuts for items that they consider non-essential. Of course, the definition of non-essential varies so widely that the preferences of each voting bloc pretty much creates a log jam effect whereby no significant spending cuts can ever be implemented.
The report, to be released Thursday by the C.D. Howe Institute, says the Carney government’s spending review will only include about one-third of all federal program spending and is expected to save no more than $22 billion by 2028-29. The think tank says that’s less than half the $50 billion in savings that are needed to return federal government coffers to “a fair and prudent path” that would see Ottawa’s debt-to-GDP ratio stop climbing.
