This Week’s Top Stories: Canada’s GDP Boosted By Fictitious Rents, Population Revisions and Jobs

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Fake GDP Growth: Fictitious Rents Add More Than Oil Fictitious rents are driving Canada’s recent GDP growth surprise, even more than energy prices. Nearly 25% of GDP growth in Q1 2026 came from imputed rent, compared to 15.1% from oil and gas contributions. In plain English? That’s the theoretical rent value that homeowners would pay themselves if they rented their own homes. This metric has received a significant lift from the rent boom, artificially inflating GDP through an accounting trick. Continue Reading… Canada’s Job Market Is Booming If You Ignore Population Revisions The Canadian economy shocked by adding 75,000 jobs in July, trimming unemployment to its lowest level in two years at 6.4%. That skepticism you’re feeling isn’t totally unfounded, as the unadjusted data told a different story. While seasonally adjusted data showed gains, the unadjusted data revealed a sharp drop of 127,700 jobs, and a rising unemployment rate. Upcoming population revisions are also projected to worsen the data. Continue Reading… Toronto Real Estate Toronto Real Estate Prices Wipe Out 2026 Gains, Drop To 5-Year ...