Insights

After years of tight conditions and soaring rents, Canada's rental market has entered a new phase. Supply gains and slowing demand have fundamentally shifted the dynamics across the country's largest rental markets, bringing relief to prospective renters while challenging landlords to adapt to a more competitive environment. The imbalance that defined recent years has eased considerably. Rents have stabilized in most major markets, with the average rent paid by new tenants, k

I’ve reviewed the full slate of weekly data, rates, spreads, housing activity, and equity signals, and here’s what caught my attention. The market continues to show a controlled adjustment rather than any broad dislocation. Capital is repricing at the margins, not retreating, and the implications for real estate are subtle but important. These are the same data points I review every week, but the interplay between rates and supply is becoming more decisive. Featured Metric De

When people talk about investing in Canada, the conversation often starts with frustration. Housing is expensive. Development is slow. Approvals take too long. Construction costs are high. From a policy and affordability perspective, those criticisms are fair. But from an investment standpoint, they miss the point. Many of the factors that make Canada difficult are the same factors that make it attractive for long-term real estate capital. We view Canada as a market defined b