Skip to main content

Featured

5 Things to Know Today: 68,000 Jobs Lost, a Weaker Loonie and the Oct. 28 BoC Decision

  Oct 12, 2026   Happy Thanksgiving. Canadian markets are closed today, but the numbers that shape your wallet aren't taking the day off. Here are five things to know on Monday, October 12. 1. Canada lost about 68,000 jobs in September, wiping out 2026's gains Statistics Canada reported that employment fell by roughly 68,000 in September, following a 41,700-job drop in August. The unemployment rate edged up to 6.5% from 6.4%. Economists had forecast a small gain. Put the two months together and Canada has lost about 41,200 jobs so far this year, compared with a gain of 211,300 over the same stretch of 2025, according to Reuters. The losses were spread almost evenly between full-time and part-time work and were concentrated in the public sector. Workers aged 15 to 24 lost 48,000 jobs, Quebec shed 49,000, and Ontario's unemployment rate sits at 7.0%, the highest among the large provinces. Average hourly wages were up 2.3% from a year ago. What it means for you: A softening j...
Post a Comment
Read more

article

Labels

Toronto's Cooling Housing Market: Assessing the Effects on Canadians

Housing Market Concerns: Canadians React to Toronto's Falling Home Prices

Housing Market Concerns: Canadians React to Toronto's Falling Home Prices


In July 2023, Toronto's housing market experienced a second consecutive month of falling home prices, raising concerns among Canadians about the state of the national economy and their personal financial well-being. The real estate sector, which has been a significant driver of economic growth in recent years, has started to show signs of vulnerability, leaving homeowners and potential buyers uncertain about the future. While the declining prices may be a relief for some aspiring homeowners who were previously priced out of the market, existing homeowners may be facing negative equity, impacting their ability to refinance or sell their properties. Additionally, the cooling housing market may lead to reduced consumer spending and overall economic slowdown as Canadians tighten their belts and become more cautious about their financial commitments.


Mixed Reactions to the Housing Downturn: Challenges and Opportunities for Canadians


As Toronto's home prices continue to fall for a second month in July 2023, Canadians are experiencing mixed reactions to the shifting landscape of the housing market. Homebuyers who have been waiting for a chance to enter the market see this as a potential opportunity to purchase their dream homes at more affordable prices. However, there are concerns among homeowners who have invested heavily in the market and now face declining property values. Some may find themselves in negative equity situations, leading to financial stress and a reduced ability to invest or spend in other areas of the economy. On the other hand, the Canadian government and policymakers are presented with an opportunity to address the real estate market's sustainability and implement measures to ensure a balanced and stable housing sector. While the short-term impacts of falling home prices are causing unease, it may also be a chance for Canadians to reflect on the long-term housing affordability and devise solutions that benefit both buyers and homeowners alike.

Labels:

Comments

Post a Comment