Mortgage professionals will be watching a series of economic reports this week that could offer fresh signals about market conditions heading into late summer.
From July home sales across key regional markets to new trade and employment figures, the data may help clarify whether buyer demand is holding up—or continuing to soften.
Housing data rolls in
July home sales figures from several major real estate boards are expected this week, including Toronto, Vancouver, Calgary, Ottawa and Montreal. Greater Vancouver Realtors is set to release its report Tuesday, followed by the Toronto Regional Real Estate Board on Wednesday. These updates will offer early insight into how buyers and sellers responded last month amid a steady policy rate and little relief on borrowing costs.
Canada’s trade position
On Tuesday, Statistics Canada will release its June merchandise trade report. Economists will be watching for signs of weakening global demand or fallout from trade frictions with the U.S., which could weigh on exports and second‑quarter GDP performance.
Job market in focus
Friday brings the July Labour Force Survey from Statistics Canada. After an unexpected gain of 83,000 jobs in June, analysts will be watching whether the momentum lasted into July or if the labour market shows signs of softening. Key metrics such as wage growth, labour force participation and the full‑time versus part‑time split will be closely watched by markets and policymakers.
Week of August 4, 2025
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