Insights

This week the data is showing a market that is no longer moving in a straight line. Some indicators are stabilizing, others are quietly rolling over, and the gaps between them are where I’m spending most of my time. These are the same data points I review every week, but the relationships between them are shifting in ways that matter for underwriting and timing. Featured Metric Deep-Dive, Housing Starts This week I’m focusing on housing starts, because supply signals tend to

I end each week by reviewing rates, spreads, policy signals, and market pricing across both public and private assets. Here’s what caught my attention. Government of Canada yields moved modestly lower on the day but remain higher across most tenors over the three to twelve month window, mortgage bond spreads were largely unchanged, and housing starts delivered a new monthly print that meaningfully altered the supply narrative. It is important never to look at real estate in i

According to a recent report by Colliers on the 2026 Real Estate Investor Outlook, after sitting on the sidelines through recent market volatility, institutional investors, particularly in the US, are starting to reposition themselves and they're looking north of the border. Canada is positioning itself as an attractive destination for global capital in 2026, even as economic headwinds create uncertainty elsewhere. The shift is driven by something counterintuitive: Canada's n