The Abramov Report

Real Estate Market Memo

The Last 30 Days


  • Building permits decrease, May 2026

    10-JUL-26 Statistics Canada

    Industrial component leads non-residential decline. Multi-unit component leads residential increase. Residential construction intentions rose $91.1 million to $7.7 billion in May. The increase in the multi-unit component (+$161.9 million to $5.1 billion) was partially offset by a decline in the single-family component (-$70.7 million to $2.6 billion).



  • Employment holds steady, June 2026

    10-JUL-26 Statistics Canada

    Unemployment rate falls for second consecutive month. Youth unemployment rate declines. Unemployment rate holds steady among people of core working age and rises among people aged 55 and older. More favourable student summer job market compared with 2025. Employment increases in accommodation and food services while it falls in manufacturing



  • 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.