This Week’s Top Stories: The Data Center Real Estate Bubble, Weak Home Sales, & Mortgage Losses

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada To Lift Ban On Foreign Buyers of New Homes For “Affordability” Canada’s Budget 2026 will extend the foreign buyer home ban but exempt new homes. Billions in taxpayer back incentives were used to create supply with the narrative of bringing prices lower. Now that developers are sitting on near record inventory that’s still out of reach for local incomes, the plan has changed. Policymakers argue demand from non-residents will boost affordability by helping to create new supply. The problem? The ban was extended because non-resident speculators were flooding into new homes in the first place. Continue Reading… Canadian Unemployment Climbs, Nearly 1 in 3 Struggle To Buy Necessities Headline employment data looked largely unchanged but the devil was in the details. Statistics Canada (StatCan) reported jobs were relatively unchanged in October. Unemployment still climbed 0.2 points to 6.7% though, as more people sought work. The worst news was in a special supplement that revealed almost 1 in 3 struggle to pay for necessities, rolling back improvements made since 2022. The headline may show little change in...