Canada’s housing market doesn’t usually break when everyone loses their job at once.

Canada’s housing market doesn’t usually break when everyone loses their job at once. It breaks when the marginal buyer loses confidence. April’s labour data points there: unemployment rose to 6.9%, the employment rate fell to 60.5%, and full-time jobs were down while part-time work rose. That matters for buyers, landlords, lenders, rent payments, mortgages, and renovation spending. Housing runs on income confidence. That confidence is getting weaker. #CanadianRealEstate #HousingMarket #CanadaEconomy #Unemployment #RealEstate