Mortgage professionals will watch a series of economic reports this week that may provide new signals about market conditions at the end of the summer.
From July home sales in major regional markets to new trade and employment data, the data may help clarify whether buyer demand continues to decline or continues to soften.
Shell data volume
July home sales figures will be available this week for several major real estate committees, including Toronto, Vancouver, Calgary, Ottawa and Montreal. Greater Vancouver real estate agents are scheduled to release their report Tuesday, followed by the Toronto Regional Real Estate Commission. These updates will provide early insights into buyers and sellers’ responses with little relief from policy stability and borrowing fees last month.
Trade jobs in Canada
Statistics Canada will release its June commodity trade report on Tuesday. Economists will focus on signs that trade frictions with the United States weaken global demand or impacts that could weigh exports and GDP performance in the second quarter.
Focused job market
Friday brought Statistics Canada’s July workforce survey. After unexpectedly acquiring 83,000 jobs in June, analysts will see if the momentum continues into July or if the labor market shows signs of softening. Markets and policy makers will closely monitor key indicators such as wage growth, labor participation, and full-time and partial splits.
August 4, 2025
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