Time for your cheat sheet on this week\u2019s top stories.<\/p>\n
Canadian Real Estate<\/p>\n
Canadians Are Leaving In Record Numbers, Most Are Prime-Aged Workers<\/a><\/p>\n Emigration, permanent residents or citizens leaving, reached a record high in 2025. A demographic breakdown reveals it\u2019s even worse than it sounds, as most are prime-aged workers aged 25 to 49. Being in their family formation and peak earning years, it provides a sharp hit to future growth. At the same time, seniors increasingly represent a growing share of the outflow. The combination suggests this isn\u2019t a matter of jobs, but broader pressures like affordability and quality of life.<\/p>\n Continue Reading\u2026<\/a><\/p>\n More Canadian Businesses Plan Job Cuts Now Than During The Pandemic: BoC<\/a><\/p>\n The Bank of Canada\u2019s latest business survey shows major job cuts ahead. The survey reveals 21% of firms plan to cut jobs within 12 months, the most since the 2015 oil recession. That\u2019s right, fewer firms planned cuts during the pandemic. It\u2019s an important reminder that temporary shocks (pandemic) are different from structural shocks.\u00a0<\/p>\n Continue Reading\u2026<\/a><\/p>\n Canadian Building Investment Soars On Taxpayer-Funded Rental Bubble<\/a><\/p>\n Canadian building investment just hit a new record, but it isn\u2019t good news for real estate this time. Investment in building construction jumped 9.7% to $24.5 billion in November, up 16.6% from last year. Roughly 72% of the investment was residential building, primarily multi-family units. However, these aren\u2019t condos due to consumer demand\u2014they\u2019re corporate-owned rental apartments. This isn\u2019t a market-driven rebound, but a taxpayer-funded rental bubble to save the industry.\u00a0<\/p>\n Continue Reading\u2026<\/a><\/p>\n Toronto Real Estate Developers Just Had The Worst Year In 4 Decades<\/a><\/p>\n Greater Toronto real estate developers just had the worst year for sales on record. Home prices slid further in December, with single-family homes now down 25.4% since the 2022 peak. The decline was fueled by weak demand, with last year being the worst on record for new home sales in 41 years of data. Despite the considerable decline in prices, prices remain out of reach for end-users. That might change in 2026, as the year kicks off with record-low sales and a multi-year high for inventory.<\/p>\n Continue Reading\u2026<\/a><\/p>\n Canadian Household Debt Hits Record $3.2T, But Growth Is Mostly Interest<\/a><\/p>\n Canadian household debt hit a new record $3.2 trillion in November, adding 4.4% (+$134.4 billion) over the past year. While that sounds like a massive gain, the slowing growth seems tepid when contrasted with rising inflation and interest rates. The latest CPI and 5-year benchmark rate can account for more than the entire gain.\u00a0<\/p>\n Continue Reading\u2026<\/a><\/p>\n