Employment Insurance, July 2026

Our take: July's EI data won't move the needle on your underwriting, but watch the trend: if labour tightness persists, wage pressure stays real and tenant ability-to-pay strengthens, but so does your operating cost burden. Next month's data (out mid-October) will be more useful as we see if summer strength holds into fall.

In your underwriting: Monitor EI claims and employment levels when stress-testing rent growth assumptions and tenant default risk — persistent low unemployment typically props up rents but inflates property tax and wage expenses.