On Friday, we learned that the Canadian economy gained 12,500 jobs in April - a much better performance than in March. It was not enough to move the unemployment rate, however, which remains at 7.2%.
CMHC reported last week that housing starts in Canada were down again in April as builders continue to adjust to a slowing market. Statistics Canada also reported last week that the New House Price Index gained 0.1% in March.
BMO published a survey on how home buyer's think about the location that they choose. First time buyers are thinking more and more about transit service and commute times.
CIBC Economist Benjamin Tal weighed in on the future of the Toronto condo market this week. Despite short term appearances to the contrary, this complex market remains in balance but has some big tests coming in the next two years.
Our Feature Article takes a closer look at the Toronto condominium market and some of the other news from the past week.
MCAP newsletter of the week.
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