Our updated Housing Affordability Indices (HAIs) show affordability declined in Q3 2021 at the national level in the US and Canada as income gains...

The US Recovery Tracker fell 0.7ppts to 97.1 in the first week of January, down for a fourth straight week. With the holiday season drag now largely...

After decelerating in Q3, US GDP growth resumed a healthy pace in Q4, and is expected to hold steady in 2022, notwithstanding the potential short...

The recovery of Canadian metros is continuing in terms of both GDP and employment. We forecast that GDP in Edmonton and Calgary will grow by more...

The Infrastructure Investment and Jobs Act (IIJA) will deliver a 2% boost to US construction activity over the next two years, about five times...

The US Recovery Tracker fell sharply in late November as news of the Omicron variant hit financial markets, exacerbating the typical seasonal...

Canada entered the pandemic with historically elevated household debt, and a C$193bn surge in mortgage borrowing during the pandemic has raised...

As of the September 2021 jobs report, leisure and hospitality employment sits 9% below its pre-pandemic level; this is three percentage points worse...

Saddled with high costs that has led to out-migration, San Francisco has recovered only 40% of its lost jobs since the start of the pandemic. Its net...

Canadian metros are rebounding strongly in 2021. We expect every metro to surpass their pre-pandemic GDP levels by the end of this year. We estimate...