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Should Tax Policy Be Used to Address Housing Affordability?
Housing developers are lobbying Ottawa for tax changes that would allow buyers of new homes to deduct mortgage interest from their taxable income. Under Canada’s Income Tax Act, homeowners can deduct mortgage interest for rental properties, but not for their principal residences. The proposal is loosely based on the U.S. mortgage interest deduction. In the…
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The U.K.’s Social and Affordable Homes Programme – A Different Approach
Housing affordability is not a Canada-centric problem. The U.S., U.K., and Australia face similar challenges, but the U.K. is taking a different approach. Its Social and Affordable Homes Programme (SAHP), announced in the 2025 Spending Review, commits £39 billion (approximately C$73 billion) over ten years (2026–2036) to support the largest expansion of council and social…
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The Global Bond Market’s New Reality and What It Means for Canada
The world’s government bond markets have spent the summer and early fall undergoing their sharpest repricing since the aftermath of the 2008 financial crisis. Long-term yields across the United States, the United Kingdom, Japan, and much of Europe have climbed to multi-year, and in some cases multi-decade, highs. So far, however, most analysts describe the…
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The Hidden Risk in Canada’s Rental Housing Boom
Canada’s housing market is undergoing one of its most significant structural shifts in decades. For years, condominium construction outpaced purpose-built rental development, supported by strong investor demand, rapid population growth, and rising home prices. Today, that model has largely broken down, as developers increasingly pivot away from condo projects in favour of purpose-built rentals. Rental…
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Build Canada Homes: Where Are We One Year In?
Build Canada Homes (BCH) is the federal agency established in September 2025 to accelerate the development of affordable housing across the country. In June 2026, legislation formally turned it into a Crown corporation, giving it a board of directors and greater freedom to act independently. Its mandate is ambitious: grow Canada’s stock of non-market housing…
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What the Canada-U.S. Trade Dispute Means for the Economy and Mortgage Rates
Canada and the United States are heading toward what some analysts now describe as an all-out trade war. Talks broke down in mid-August, and a 50 per cent U.S. tariff on roughly C$28 billion of Canadian exports – from hockey sticks to farm products – took effect on August 22. Prime Minister Mark Carney countered…
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Headline Inflation Creeps Higher
Canada’s inflation rate rose in July, with the Consumer Price Index (CPI) climbing 3.0 per cent year over year, up from 2.8 per cent in June. Prices also rose 0.3 per cent from June to July. Gasoline prices were the biggest driver of the increase, jumping 25.7 per cent year over year. Tensions in the…
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