The Abramov Report

Real Estate Market Memo

The Last 30 Days


  • Unemployment rate fell 0.1 % in June 2025

    11-JUL-25 Statistics Canada

    Employment increases for the first time since January. More core-aged men and women employed. Unemployment rate ticks down to 6.9%



  • Building permits rise 12% in May 2025

    11-JUL-25 Statistics Canada

    Ontario's institutional component drives non-residential construction intentions. British Columbia's multi-family permits lead the residential sector



  • Inflation rose 1.7% on a year-over-year basis in May

    24-JUN-25 Statistics Canada

    Shelter prices grow at a slower pace. Prices for travel tours and air transportation fall in May. Gasoline prices continue to decline year over year. Slower decline year-over-year for cellular services. Prices for new cars grow at a faster pace year over year.



  • Investment in building construction decreases, April 2025

    19-JUN-25 Statistics Canada

    Investment in the residential sector decreased 4.5%, while the non-residential sector edged down 0.3%. Multi-unit component leads residential construction decline