Unfortunately 5 years post 2020 mortgage rates was always going to be a bloodbath.

However, this data looks like dogshit to me. There’s a reason Stat Can seasonally adjusts statistics, and this is a mess:

Between January and March, 1,232 businesses in Canada filed for insolvency. While this was down 7.5 per cent compared to the same period in 2025, it was up 9.8 per cent compared to the last three months of 2025.

Okay, so if you don’t control for seasonal variation, and you cherry pick a time interval, things look bad!

• None of the numbers are on a per-capita basis. we have 40M people now, in 2009 we had 30M.
• Stats are not seasonally adjusted
• Date periods are completely cherry picked

Global News needs to fire their editor. This isn’t following journalistic standards. This is tabloid level shit.