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June Jobs Report: What It Means for the Bank of Canada's July 15 Decision

  Friday, July 10, 2026 Statistics Canada releases its June Labour Force Survey today, and the timing couldn't matter more. This is the last major economic data point before the Bank of Canada's next interest rate decision on July 15, 2026 — and whichever way the jobs numbers break, they'll shape what happens to borrowing costs for the rest of the summer. What Economists Are Expecting Consensus forecasts point to a modest but positive jobs report. Economists expect Canada added around 10,000 jobs in June, with the unemployment rate holding steady at 6.6%. That would follow a much stronger May, when the economy added 88,000 jobs and the unemployment rate actually fell by 0.3 percentage points. In other words, June's report is expected to show a cooling-off after May's surprise strength — not a reversal, but a return to a more modest pace of hiring. Indicator May 2026 June 2026 (Forecast) Net Employment Change +88,000 jobs +10,000 jobs (expected) Unemployment Rate 6....
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From Safe Bet to Risky Business: Rethinking Condos in Retirement

 

            The view southwest along Front Street from the new St. Lawrence market north building in downtown Toronto.


Is the Condo Still a Smart Retirement Investment?

Once hailed as a reliable stepping stone to retirement security, condominiums are now facing a wave of skepticism. In cities like Toronto and Vancouver, condo sales have plummeted, inventories have surged, and investor confidence is wavering. What happened to the dream?

The Market Reality

  • Oversupply: A flood of new units—over 31,000 expected in 2025 alone—has saturated the market, driving prices down and leaving many units unsold.
  • Weak Rental Yields: With rents sliding and vacancies rising, many condo owners are struggling to break even, let alone generate retirement income.
  • Investor Sentiment: A recent survey found that 30% of Canadians believe condos are no longer a good investment, and over half wouldn’t buy one at all.

Still a Place for Condos?

While the short-term outlook is grim, condos may still hold value for retirees who:

  • Plan to live in the unit long-term
  • Can afford to ride out market volatility
  • Prefer low-maintenance living in urban centers

However, for those banking on rental income or resale profits, the risks are mounting. Alternatives like apartment-focused REITs offer more stable returns and fewer headaches—no leaky pipes or midnight tenant calls.

Bottom Line

Condos aren’t the retirement golden ticket they once were. For today’s retirees, it’s time to rethink the strategy and consider more resilient, income-generating options. 


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