Finance and Real Estate Infographics Canada

Canadians likely won't see a July rate cut due to high May CPI driven by rent inflation. Canada now has the highest rent inflation among major countries.

Ontario and Quebec face significant debt concerns, with Ontario's financial situation particularly troubling. In contrast, U.S. states like Kentucky and New York have relatively lower debt levels.

As of April 30, 2024, Canada's main lenders hold most of the nation's residential mortgages. A significant portion has long amortization periods, and a notable amount are non-amortizing.

In Q2 2024, the Big 6 Canadian banks' total loans were $4,110B, with 48.2% in home financing. RBC and TD lead in loan amounts.

The Big 6 banks' net write-offs hit a record $3.72B, reflecting significant financial trouble in the Canadian economy.

Comparing residential mortgage debt as a percentage of GDP, noting Canada, the United States, Switzerland and Turkey.

GTA home inventory hit a 10-year high with over 21k listings. Causes: high prices, slow interest rate drops, weak job market, struggling investors, and pessimism about condo prices.

Canada's GDP fell from 3% to 2% of the global economy since the 1970s, impacted by global competition.

Of the $4,319B in loans at federally regulated banks, 55% are secured by real estate. Key loan types include mortgages, business loans, personal loans, and loans to banks and governments.