Time for your cheat sheet on this week\u2019s top stories.<\/p>\n
Canadian Real Estate<\/p>\n
Canadian GDP Growth: Fictional Rent Fuels Over $1 In $10, More Than Oil<\/a><\/p>\n Canada\u2019s economy is still growing\u2014but the quality of that growth is questionable. Over 1 in 10 dollars of real GDP growth in the past year came from imputed rents, the theoretical income homeowners earn by renting their homes to themselves. This inflation-prone, non-productive input is now a bigger contributor to GDP than major industries like oil & gas extraction, and its expanding role distorts the true picture of economic output.<\/p>\n Continue Reading\u2026<\/a><\/p>\n Canadian Job Vacancies Collapse To 8-Year Low, Diverging From US: BMO<\/a><\/p>\n Canada\u2019s strong job numbers mask cracks forming in the labor market. The job vacancy rate fell to 2.7% in May\u2014an 8-year low and well below pre-pandemic levels. BMO economists warn that Canadian job openings are shrinking much faster than in the US, setting the stage for heightened competition and amplified vulnerability during future downturns.\u00a0<\/p>\n Continue Reading\u2026<\/a><\/p>\n Canadian Steel Tariffs: Weaker Demand, Higher Home Prices, Fewer Jobs<\/a><\/p>\n Canadian new home sales are weak\u2014and new steel tariffs are making things worse. The tariffs are estimated to add an average of $30,000 per home, over 4% of the benchmark, limiting room for price cuts to stimulate demand. Homebuilders are one of the largest domestic steel consumers, but a weak market has already curbed demand. Tariffs intended to support the industry are likely to deepen the slump.<\/p>\n Continue Reading\u2026<\/a><\/p>\n Bank of Canada Holds Rates A Third Time, Cites Inflation Fears<\/a><\/p>\n The Bank of Canada (BoC) held its key policy rate at 2.75% for a third straight meeting, a widely anticipated decision. It defended the announcement, citing stubborn inflation and global trade uncertainty. Despite weakening domestic indicators, officials remain cautious, warning near-term inflationary pressures are sticky.\u00a0\u00a0<\/p>\n Continue Reading\u2026<\/a><\/p>\n Toronto Real Estate<\/p>\n