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Inflation Cools in June as Core Pressures Ease
Headline inflation eased to 2.8 per cent year-over-year in June, down from 3.2 per cent in May, according to Statistics Canada. Consumer prices fell 0.4 per cent month-over-month — the largest monthly decline since December 2024 — while the seasonally adjusted decline was a more modest 0.1 per cent, marking the first monthly decrease since…
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Individual and Institutional Investors in the Canadian Housing Market
Statistics Canada recently released a report that examines the size and role of residential property investors in Prince Edward Island, Nova Scotia, New Brunswick, Ontario, Manitoba, and British Columbia, using 2022 assessed-value data from the Canadian Housing Statistics Program. Investors are grouped into six categories, ranging from individuals who own a small number of rental…
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Slowing Population Growth Helps Drive Unemployment Rate Lower
Canada’s labour market showed modest improvement in June 2026. Employment increased by approximately 18,000 positions (+0.1 per cent), slightly exceeding consensus forecasts of roughly 10,000, while the unemployment rate edged down 0.1 percentage points to 6.5 per cent, its lowest level in nearly two years and well below last year’s peak of 7.1 per cent….
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AI in Mortgage Lending – Still a Work in Progress
Artificial intelligence is often described as a transformative force in mortgage lending, but its presence in the industry is far from new. What has changed is the scale, sophistication, and reach of the technology, particularly in how lenders process documents, assess risk, and manage the vast amounts of data that underpin every loan decision. In…
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U.S. Inflation Reaches a Three-Year High in May
U.S. consumer price inflation continued its upward climb in May, with the headline Consumer Price Index (CPI) rising 0.5 per cent month-over-month, in line with consensus expectations. On a year-over-year basis, prices increased 4.2 per cent, the highest reading in three years and a notable acceleration from the 3.8 per cent recorded in April. May…
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Bubba and His Truck: Why Homebuilding Defies Economies of Scale
In his essay “Where Are the Economies of Scale in Homebuilding?”, Brian Potter, engineer and author of the Construction Physics newsletter, continues his broader examination of construction productivity and housing economics. Over a series of essays, he has shown that construction productivity tends to lag far behind manufacturing, often failing to improve at all, and…
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U.S. Employment Surprises to the Upside in May
The U.S. labour market showed surprising strength in May. Nonfarm payrolls rose 172,000, easily surpassing the consensus forecast of 85,000, while upward revisions to the prior two months added a further 93,000 positions. The three-month average monthly gain now stands at 188,000, a dramatic turnaround from the negative 4,000 average recorded in February. Pessimism about…
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