Canada (National)
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Given Daniel Wong's focus on the Canadian real estate market, finance, and economy in Ontario and Toronto, pitches should offer insights into local real estate trends, economic analysis related to Toronto or Ontario specifically. As he frequently cites data in his articles, providing statistical evidence or expert commentary based on credible sources would likely be well-received.
Those offering expertise on specific aspects such as mortgage rates in Toronto or elements impacting the local housing market are more likely to capture Daniel's attention. Additionally, experts who can provide forward-looking analysis of how broader economic conditions may impact the local real estate sector could also align well with his coverage areas.
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Canada's highly indebted households are starting to crack under the pressure. Office of the Superintendent of Bankruptcy (OSB) data shows insolvencies climbed in March. Now at a 17-year high for the month, the volume was only second to the 2009 financial crisis.
Canadians are suddenly facing one of the toughest job markets in months. Statistics Canada (StatCan) data shows the unemployment rate climbed to a 7-month high in April, but the real story is how the map is flipping. Traditional job engines like Ontario now rank among the worst in the country, while provinces long written off for high unemployment are suddenly outperforming.
By: Daniel Wong
Canadian consumers are getting crushed by their epic debt, and Ontario is ground zero. Office of the Superintendent of Bankruptcy (OSB) data shows consumer insolvencies in the province surged in March. Having outpaced national insolvency growth since 2019, it’s been capturing a larger share of total filings—and just saw the most monthly filings since 2010. […]
Canadian households continue to rack up an epic amount of debt. Statistics Canada (StatCan) data shows household debt continued to climb in March.
By: Daniel Wong
Canada’s housing correction is mostly Ontario and BC. In most provinces, home prices are still near record highs—or setting them.
By: Daniel Wong
Canadian building investment fell sharply in March, with residential construction dragging lower despite public incentives to boost supply.
By: Daniel Wong
Canadian job vacancies just printed the weakest March since 2017, as employers opt to not hire replacements for lost payrolls.
By: Daniel Wong
Canadian GDP is now in a technical recession, but BMO says the damage is overstated and should cool rate-hike talk.
By: Daniel Wong
Canadian banks saw mortgage delinquencies approach decade highs, while their mortgage holdings fell to a nearly 6-year low.
By: Daniel Wong
Toronto home sales up 6% in May—the 3rd worst May in 25 years. What the data reveals about the market's real state.
