The latest news on rental markets, tenant rights, housing policy, and real estate across Canada.
The Bank of Canada left its target for the overnight rate untouched at 2.25% on September 2, keeping the Bank Rate at 2.5% and the deposit rate at 2.20%. Governing Council held, with the economy and inflation evolving broadly as forecast in July. The backdrop, though, has moved: long-term bond yields are up both globally and in Canada, financial conditions have tightened, and the Canadian dollar has ticked up slightly on US-dollar weakness. Housing got its best line in months. GDP grew 3.3% in the second quarter, and the Bank pointed to a rebound in housing activity (after several weak quarters) as one piece of that growth, alongside solid consumption gains and a sharp jump in exports and business investment. Labour market conditions also improved — unemployment dropped down to 6.4% in July — though the Bank noted demand for labour remains soft, with excess supply still showing up in the numbers. Inflation is a different story; CPI has been sitting around 3%, driven mainly by persistently higher gasoline prices. Take gas out of the equation and inflation was 2.2% in July, with core measures parked close to 2%. Upside risk to that inflation picture has grown too, tied to the ongoing Middle East conflict and stalled progress reopening the Strait of Hormuz — the longer oil prices and refinery margins stay elevated, the more room there is for those costs to bleed into other goods and services. New US tariffs and Canadian counter-tariffs sit on top of that, with the Bank flagging they could feed into consumer prices over time. Governing Council tied its next move to two things: whether this rebound holds, and where inflation lands once the tariff and oil price pressure has rippled through the system. The next rate decision is scheduled for October 28. A full 2026 schedule can be found here.
Finance Minister Francois-Philippe Champagne said positive investor sentiment is helping keep Canada’s borrowing costs in check despite a global bond rout, arguing the country’s finances are strong enough to handle the volatility.
The bill for Canada’s housing bubble is finally landing, and many can’t afford to pay it. TransUnion credit data shows consumer credit is expanding aggressively in Q2 2026. The growth isn’t due to confidence-inspired borrowing, but existing borrowers looking to offset their rising cost of living. The result is rising mortgage delinquencies for those who […] The post Canada’s Credit Crunch: Peak Homebuyer Defaults & Renter Insolvencies Soar appeared first on Better Dwelling.
Mortgages amortized over more than 25 years accounted for 58.6% of new insured homeowner volume in Q2, down slightly from Q1 but well above year-ago levels.
We know you like to know what's up. For your information, reference, and networking needs, here are the moves, hires, and promotions the real estate and development sector saw in August 2026: John Wallace has been promoted to Senior VP of Brokerage Services at CBRE. Marie Gillespie has been promoted to Regional Property Manager at Cushman & Wakefield. David Gu has joined GWL Realty Advisors as an Analyst of Asset Management. Leanna Denny has joined Wesgroup Properties as Marketing Manager. Chad Boorman has joined PC Urban team as Chief Financial Officer. Larina La Madrid has joined Hopewell Real Estate Services as a Manager of National Portfolio Management. Clare Eow has been promoted to Associate of Special Loans and Restructuring at EQ Bank. Kasper Hemmingsen has been promoted to VP of Asset Management at Canadian Urban Limited. Giordana Sita has joined Tricap Properties as Development Manager. Julia Piccolo has joined Colliers as a Senior Communications and PR Specialist, and Taylor Shukalak has been promoted to Senior Associate of Investment Sales. Jonathan Scheifele has joined DASH Property Management as Portfolio Manager. Hossein Abbasi has joined CMHC as Enterprise Vulnerability Management Specialist. Emelia Cheese has joined Toronto Community Housing as Manager of Development Finance. Evan Siddall has been appointed inaugural Chair of the Board of Directors of Build Canada Homes. James Cox has joined Build Canada Homes as VP of Real Estate (Central Region), Caroline McGregor has joined as Director of Acquisitions and Business Development, and Misha Tran has joined as Director of Real Estate (Sales, Marketing and Leasing) as part of BCH’s takeover of Canada Lands Company’s real estate arm. Joshua Green has joined Morguard as Director of Asset Management. Nicholas Foster has been promoted to VP of Senior Sales Director at CBRE, and Matthew Hanson has been promoted to Senior Sales Associate. Shaan Dhaliwal has joined National Bank of Canada as Director of Real
The Canadian economy is doing better than many had anticipated, but it’s far from a strong economy. Statistics Canada’s (StatCan) Survey on Business Conditions shows strong optimism in Q3. However, that optimism isn’t driven by growth in sales or operations, but the hope that things won’t get worse. Canadian Businesses Are Optimistic, But Few Expect […] The post Canadian Businesses Are Optimistic, But Few Expect Sales Growth appeared first on Better Dwelling.
The ReStays Ottawa boutique luxury hotel in downtown Ottawa and a block of unsold ReResidences condos have officially been sold as part of a court-ordered sale, according to filings in Ontario Superior Court. The ReStays Ottawa and ReResidences are located at 101 Queen Street and 108-116 Sparks Street, and consists of 111 hotel suites, 91 condo units, and just over 21,000 square feet of retail space across a six- and 17-storey building, all above an underground parkade. The development sits on land that is subject to a ground lease with the National Capital Commission, the Crown corporation that owns and manages land in the capital region, that expires on November 30, 2076, according to court documents. The project was developed by Ontario-based developer Choo Communities under its Ashcroft Homes brand — through Ashcroft Urban Developments Inc. — in response to a request for proposals by the Commission. ReStays opened in September 2021. Several of Ashcroft Homes’ other projects have also become insolvent in recent years, and were similarly placed under receivership by various lenders, as previously reported by STOREYS. The Receivership The ReStays Ottawa and ReResidences proceedings were pertaining to a first-ranking loan in the principal amount of $65,000,000 that was registered in August 2021 by non-bank lender CMLS Financial, with Equitable Bank and General Bank of Canada identified in court documents as “participants” in the loan. According to an affidavit sworn by a CMLS Financial representative, the loan matured on September 1, 2023 and CMLS issued a formal demand for payment on November 15, claiming they were owed $58,920,629.31 as of November 9. However, the two sides entered into a forbearance agreement on February 23, 2024 to delay enforcement and give Ashcroft time to secure refinancing, in exchange for a $10 million collateral mortgage over 256 Rideau Street in Ottawa. Interior and exterior photos. (ReStays Ottawa) Ashcroft was unable to repay the loa
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Real Estate Bubble: First-Time Buyers Need To Be Among Top Earners First-time home buyers need to be among the wealthiest households in Canada. That’s the take from new Statistics Canada (StatCan) data revealing their income. The agency’s data reveals these buyers […] The post This Week’s Top Stories: Canada’s First-Time Home Buyers Need To Be Rich, RBC Makes 8th Bottom Call appeared first on Better Dwelling.
Canada’s economy rebounded last quarter, but will it last? Statistics Canada’s (StatCan) Gross domestic product (GDP) data shows growth in June. That helped Q2 close out with much higher growth than anticipated, a sharp change from Q1. However, the bump was due to temporary events, leaving questions whether it will persist to Q3. Canadian GDP […] The post Canadian GDP Growth Rebounds In Q2, Driven By Temporary Events appeared first on Better Dwelling.
Growth in Canada’s real gross domestic product accelerated to 3.3% in the second quarter, confirming a strong economic rebound after a yearlong slump brought on by U.S. tariffs and a slowdown in immigration.
Canadian economic growth accelerated to a 3.3% pace in the second quarter, confirming a strong rebound after a yearlong slump brought on by US tariffs and a slowdown in immigration.
TD’s Canadian real estate secured lending portfolio reached $422 billion as record originations and continued growth in its FlexLine product lifted balances.
