Author Archives: Danielle Park

Mortgage renewals driving shelter inflation and slower economy

Posted on February 22, 2024 by Danielle Park

As I have been pointing out…years of easy money and housing speculation have left Canada’s economy between a rock and a hard place. Shelter costs (28% of Canadian CPI) are inflating as mortgages come up for renewal month after month. … Continue reading →

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Commercial real estate stress is spreading

Posted on February 22, 2024 by Danielle Park

In 2023, the national office space vacancy rate reached 19.6%, above the 19.3% historic peak in 1991. The overcapacity, over-valuation and debt write-downs needed in commercial real estate are themes that will persist for some time. No quick fix. Federal … Continue reading →

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Inflation retreating but shelter remains the problem

Posted on February 21, 2024 by Danielle Park

Canada’s January Consumer Price Index (CPI) report came in softer than expected at an annualized rate of 2.9%, down from 3.4% in December and 8.1% from the cycle peak in June 2022. This brings the CPI within the Bank of … Continue reading →

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