The Abramov Report

Real Estate Market Memo

The Last 30 Days


  • Real gross domestic product (GDP) grew 0.5% in April, 2026

    30-JUN-26 Statistics Canada

    Mining, quarrying, and oil and gas extraction led the growth in April. Public sector grows in April, the fifth increase in the last six months. Manufacturing sector rebounds in April. Construction rises for the first time in five months. Transportation and warehousing up in April.



  • April 2026 Jobs Report: 22K Payroll Positions Added; Vacancies Flat at 490K

    25-JUN-26 Statistics Canada

    Payroll employment in health care and social assistance continues to increase in April. Payroll employment in public administration increases in April. Payroll employment in professional, scientific and technical services decreases. Manufacturing records payroll employment decline. Payroll employment in construction falls .



  • Investment in building construction increases in April 2026

    22-JUN-26 Statistics Canada

    The total value of investment in building construction increased $540.8 million (+2.3%) to $23.6 billion in April. The residential sector rose 3.1%, while the non-residential sector edged up 0.7%. Year over year, investment in building construction grew 7.8% in April.



  • The Consumer Price Index (CPI) increased 3.2% year over year in May, up from a 2.8% gain in April.

    22-JUN-26 Statistics Canada

    Gasoline prices continue to drive acceleration of Consumer Price Index. Prices accelerate for travel tours and air transportation. Prices grow for fresh fruit and fresh vegetables in May. Shelter prices continue to decelerate year over year. Price growth for durables remain unchanged in May.



  • Bank of Canada maintains the policy rate at 2¼%

    10-JUN-26 Bank of Canada

    The conflict in the Middle East is now in its fourth month. The resulting increases in energy prices and disruptions in global supply chains are weighing on global economic growth and pushing up inflation. At the same time, the US administration continues to propose new tariffs and trade policy uncertainty remains elevated.



  • Labour Force Survey, May 2026

    05-JUN-26 Statistics Canada

    Employment increased by 88,000 (+0.4%) in May and the employment rate rose 0.2 percentage points to 60.7%. The unemployment rate fell 0.3 percentage points to 6.6%.



  • GTA REALTORS ® Release April Stats

    04-JUN-26 TRREB

    TORONTO, ONTARIO, May 5, 2026 – Home sales increased on a year-over-year basis in April 2026, while the supply of listings trended lower. This suggests that overall market conditions in the Greater Toronto Area (GTA) tightened during the first full month of spring. Despite tighter market conditions, selling prices