Many affluent retail investors were drawn to the space by the high dividends on offer, with annualised total returns eclipsing 8 per cent over the past decade, according to S&P Global. The recent cuts ...

Diversify this. Protecting capital from the downside of asset bubbles requires more than just different equity marketing ...

Macro shocks are a constant throughout time. The market impact is often dramatic in the short-term. Longer-term, outcomes vary depending on the level of optimism that was priced in when the shock hits ...

Distributions as a percentage of net asset value remained at 14% last year — the second-lowest level since the depths of the 2008 financial crisis, according to a new report from Bain & Co. And the ...

Recently, more analysts and industry experts have been sounding this alarm. CIBC economists published a report last week noting that “the decline in homebuilding and falling home prices have ‘clear ...

Real estate busts tend to be slow-moving, and then suddenly, all at once. Eight years after the US commercial market peak, the price discovery in current sales is wiping out years of prior price ...

Residential real estate is the most widely owned and highly leveraged asset class for households. For these reasons, housing cycles have outsized effects on consumer confidence, spending, the economy ...

Stocks, commodities, junk bonds, precious metals, and crypto assets all leapt together into late 2025; now, Bitcoin, the crypto leader, is down 44% since October, and the broader crypto market has ...

Global equities began the year near record highs, supported partly by continued enthusiasm around Artificial Intelligence (AI) investment and expectations of policy easing. However, February has seen ...

As I have noted many times, historically, a maximum of 3x household income has been considered the limit of what is considered “affordable” for homes. In Canada, with a median household income of 84k, ...

The benchmark Canadian home resale price has fallen more than 21% in nominal terms (25-30% in real terms) from the 2022 cycle peak (shown below since 2020). But new home prices have fallen just 8% ...

The spring listing wave traditionally starts at the end of February, but supply is already off to a strong start in 2026. Canadian housing inventory rose in January, with listings higher across most ...