Canada’s Economy Edges Into A Technical Recession For the First Time Since 2020 Statistics Canada reported this morning that the Canadian economy contracted slightly, by 0.1%, at a seasonally adjusted annual rate in the first quarter (Q1) of 2026. That follows a 1% contraction in the fourth quarter, a downward revision from the previously reported […]

As someone who has spent more than two decades helping Canadians build wealth through homeownership, I pay close attention to decisions that impact property rights, housing, lending, and consumer confidence. Today’s Supreme Court of Canada decision provides important clarity regarding Aboriginal title and privately owned land. The Court has upheld a lower court ruling that […]

Weak Jobs Report in April drives Unemployment Rate Up to 6.9%   Employment in Canada edged down by 17,700 in April, following a 14,000 gain in the prior month, missing the consensus forecast for a 15,000 increase. On a year-over-year basis, employment in April was up by 67,000 (+0.3%), but recorded a net decline of 112,000 (-0.5%) over the […]

Bank of Canada Holds Policy Rate Steady Today, the Bank of Canada once again held the policy rate steady at 2.25%. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. With inflation hovering at 2.4% and core inflation falling to 2.0%, the Governing […]

The Bank of Canada announces its next rate decision tomorrow, and most economists currently expect rates to hold steady. However, what matters most is not just the headline—it’s how today’s market conditions affect your mortgage, buying power, and long-term financial plan.  Here is the link to see tomorrow’s announcement Bank of Canada or follow our social media […]

Real Brokerage Inc. is acquiring Re/Max Holdings Inc. in a deal valued at US$13.80 a share, in the latest example of consolidation in the U.S. real estate brokerage industry. The deal will create a brokerage with 180,000 real estate agents, including more than 100,000 in the U.S. and Canada, according to a statement Monday. It will combine upstart […]

Canadian Inflation Surges to 2.4% Y/Y on Oil Price Shock   The headline inflation rate in Canada surged as expected with the War in Iran and the resulting oil price shock. The inflation rate hit 2.4%, up from 1.8% in February, tying for the highest in a year but a bit below market expectations of […]

  The Canadian Jobs Report Was Much Weaker Than Expected In February  Today’s Labour Force Survey showed considerable weakness last month, even before the Gulf War took hold of the global economy. Employment fell by 83,400 jobs after edging down in January (-25,000; -0.1%). This is the largest decline in employment in more than four years. On […]

  What a night! On March 7, IMAGINE 2026 went out with a bang. We’re so proud to announce that we raised a record-breaking $280,000! These vital funds will support the Food Bank, our Early Years programming and the Foundry Tri-Cities—all graciously funded by you. A big thank you to our presenting sponsor, Wesbild, our […]

Great news – the GST Rebate for First-Time Homebuyers has finally come into effect!! Announced last spring by the federal government, the bill received Royal Assent last week and eliminates “the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million and reducing the GST for first-time home buyers on […]