{"id":7035654,"date":"2026-08-09T21:05:40","date_gmt":"2026-08-09T21:05:40","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/this-weeks-top-stories-canadas-gdp-boosted-by-fictitious-rents-population-revisions-and-jobs\/"},"modified":"2026-08-09T21:05:40","modified_gmt":"2026-08-09T21:05:40","slug":"this-weeks-top-stories-canadas-gdp-boosted-by-fictitious-rents-population-revisions-and-jobs","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7035654","title":{"rendered":"This Week\u2019s Top Stories: Canada\u2019s GDP Boosted By Fictitious Rents, Population Revisions and Jobs"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"content-body\">\n<div class=\"entry-content\" itemprop=\"mainEntityOfPage\">\n<p class=\"wp-block-paragraph\">Time for your cheat sheet on this week\u2019s top stories.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Canadian Real Estate<\/strong><\/h2>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/betterdwelling.com\/canadas-fake-gdp-growth-fictitious-rents-add-more-than-oil\/\">Canada\u2019s Fake GDP Growth: Fictitious Rents Add More Than Oil<\/a><\/p>\n<p class=\"wp-block-paragraph\">Fictitious rents are driving Canada\u2019s recent GDP growth surprise, even more than energy prices. Nearly 25% of GDP growth in Q1 2026 came from imputed rent, compared to 15.1% from oil and gas contributions. In plain English? That\u2019s the theoretical rent value that homeowners would pay themselves if they rented their own homes. This metric has received a significant lift from the rent boom, artificially inflating GDP through an accounting trick.\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/betterdwelling.com\/canadas-fake-gdp-growth-fictitious-rents-add-more-than-oil\/\">Continue Reading\u2026<\/a><\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/betterdwelling.com\/canadas-job-market-is-booming-if-you-ignore-population-revisions\/\">Canada\u2019s Job Market Is Booming If You Ignore Population Revisions<\/a><\/p>\n<p class=\"wp-block-paragraph\">The Canadian economy shocked by adding 75,000 jobs in July, trimming unemployment to its lowest level in two years at 6.4%. That skepticism you\u2019re feeling isn\u2019t totally unfounded, as the unadjusted data told a different story. While seasonally adjusted data showed gains, the unadjusted data revealed a sharp drop of 127,700 jobs, and a rising unemployment rate. Upcoming population revisions are also projected to worsen the data.\u00a0\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/betterdwelling.com\/canadas-job-market-is-booming-if-you-ignore-population-revisions\/\">Continue Reading\u2026<\/a><\/p>\n<h2 class=\"wp-block-heading\"><strong>Toronto Real Estate<\/strong><\/h2>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/betterdwelling.com\/toronto-real-estate-prices-wipe-out-2026-gains-drop-to-5-year-low\/\">Toronto Real Estate Prices Wipe Out 2026 Gains, Drop To 5-Year Low<\/a><\/p>\n<p class=\"wp-block-paragraph\">The price of a typical home across Greater Toronto slipped to $934,600 in July, 27% below its March 2022 highs. Home sales also pulled back from already weak levels, a trend compounded by near-record inventory. Home prices are now the \u201ccheapest\u201d since January 2021, and we\u2019re using the term \u201ccheapest\u201d loosely here.\u00a0\u00a0\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/betterdwelling.com\/toronto-real-estate-prices-wipe-out-2026-gains-drop-to-5-year-low\/\">Continue Reading\u2026<\/a><\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/betterdwelling.com\/toronto-business-closures-hit-highest-level-since-2020-lockdowns\/\">Toronto Business Closures Hit Highest Level Since 2020 Lockdowns<\/a><\/p>\n<p class=\"wp-block-paragraph\">Canada\u2019s largest city continues to face eroding economic conditions that extend beyond its real estate woes. Toronto CMA saw the highest number of April business openings in at least 11 years, reporting 10,870 new businesses. However, it recorded the second-highest number of business closures for the month, trailing only the start of the 2020 pandemic. The city\u2019s entrepreneurial spirit may be alive and well, but so is its rough economic environment. As a result, that energy isn\u2019t producing growth but just churn\u2014and a lot of crushed dreams and squandered capital.\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/betterdwelling.com\/toronto-business-closures-hit-highest-level-since-2020-lockdowns\/\">Continue Reading\u2026<\/a><\/p>\n<p><h3 class=\"jp-relatedposts-headline\"><em>You Might Also Like<\/em><\/h3>\n<\/p><\/div>\n<p><!-- .entry-content --><br \/>\n\t\t\t\t\t\t\t\t<!-- .entry-footer -->\n\t\t\t\t\t\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Time for your cheat sheet on this week\u2019s top stories. Canadian Real Estate Canada\u2019s Fake GDP Growth: Fictitious Rents Add More Than Oil Fictitious rents are driving Canada\u2019s recent GDP growth surprise, even more than energy prices. Nearly 25% of GDP growth in Q1 2026 came from imputed rent, compared to 15.1% from oil and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7035656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[63757,20079,192116,30329,11011,22520,19303,23904,4717,213,4036],"dealstore":[],"offerexpiration":[],"class_list":["post-7035654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-boosted","tag-canadas","tag-fictitious","tag-gdp","tag-jobs","tag-population","tag-rents","tag-revisions","tag-stories","tag-top","tag-weeks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Week\u2019s Top Stories: Canada\u2019s GDP Boosted By Fictitious Rents, Population Revisions and Jobs - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=7035654\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Week\u2019s Top Stories: Canada\u2019s GDP Boosted By Fictitious Rents, Population Revisions and Jobs - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Time for your cheat sheet on this week\u2019s top stories. Canadian Real Estate Canada\u2019s Fake GDP Growth: Fictitious Rents Add More Than Oil Fictitious rents are driving Canada\u2019s recent GDP growth surprise, even more than energy prices. 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