Real estate investment was a significant driver of Canada’s economy in 2024
Prospects limited for residential construction to remain as economic growth driver
Construction investment in the residential and non-residential sectors remained a significant driver of Canada’s economy in 2024.
Here's why Trump’s tariffs would likely send Canada's economy into recession
Canadian real estate would not be immune from the fallout of a trade war
Should President Trump's tariffs eventually go into effect, Canada would experience the largest trade shock in over a century, causing a significant blow to its economy. And since ...
Real estate investors worry interest rates may stay 'higher for longer'
History suggests borrowing costs not elevated, merely moving back to 'old' normal
Real estate (and other) investors have focused on the seemingly unusual run-up in U.S. Treasury bond yields over the past few months. The benchmark 10-year Treasury bond yield, for...
Easing inflation could spell good news for Canadian real estate investors
Lower inflation gives the Bank of Canada room to cut rates next week but at a more modest pace
As 2024 drew to a close, Canadian inflation continued to dip, a trend that could lead to slashed interest rates, ultimately encouraging the country's real estate market, in the mon...
Will Canadian home prices finally recover in 2025? It's unlikely.
Existing home sales dropped 5.8% month-on-month in December 2024
After two years of declines in Canadian home prices and buying activity, market participants hoped that 2025 might hold something of a rebound. However, an inspection of previous h...
Job growth unlikely to boost Canada’s office market in the new year
Stronger prospects for office absorption will likely have to wait until 2026
Green shoots appeared in Canada’s office market this year, but the outlook for office demand will likely remain modest in 2025, largely due to a sluggish labor market.
Substantial number of condo completions contribute to Canada’s rental supply boom
In Toronto, surging rental condo listings taming market rent escalations
Canada Mortgage and Housing Corp. recently released its Fall 2024 Rental Market Report, which showed that rental market conditions across Canada's large urban areas remain historic...
Housing starts leap as Canadian homebuilders try to meet demand
Urban housing construction starts in November increased in seven of 10 provinces
The nation's desperately undersupplied housing market continues to see valiant efforts made by homebuilders to address the shortfall.
Where's the boost? Latest 'super-sized' policy rate cut not providing rocket fuel for real estate.
Bond yields, which largely determine real estate financing costs, went up after the Bank of Canada's latest rate cut announcement
Canada's real estate sector enthusiastically welcomed the Bank of Canada's second consecutive, 'super-sized' half-point reduction in its policy interest rate this week.
Canada’s unemployment rate nears an eight-year high
Deteriorating labour market is not good news for office properties and signals that Bank of Canada is behind the curve
Canada’s unemployment rate jumped to 6.8% in November, an almost eight-year high outside of a few months following the pandemic's onset. Despite a sturdy 50,500 increase in jobs du...
Whither the loonie?
The depreciating Canadian dollar reflects economic weakness but could also be positive for the country’s real estate sector
Canada’s currency, often called the loonie, has significantly depreciated against the U.S. dollar over the past three years. But that might not spell trouble for the country's real...
Canadian real gross domestic product growth very soft in third quarter
Consumer spending a surprise bright spot that is likely to dim next year
Canadian economic growth remains very sluggish, underperforming its expected potential. In the third quarter, Stats Can reported that real gross domestic product grew by just 1% qu...
Canadian real estate appears to be overvalued
Properties either priced for perfection or embedding an unlikely bet that interest rates will soon fall
Like many other countries worldwide, Canadian capitalization rates began to rise, and property prices fell as central banks aggressively raised interest rates to battle a post-pand...
Canadian retailers are resilient
Recent federal government measures will keep shoppers spending, but cracks are forming at some types of stores
Although Canadian households have grown weary of high interest rates and prices, aggregate retail spending across the country has been holding up relatively well.
Potential downside risks could thwart Canada’s expected economic recovery
Slower population growth and expected US policy shifts could cause Canada’s economy to underperform expectations
Despite subdued near-term growth prospects, Canada’s economy is anticipated to improve over the second half of 2025. According to Oxford Economics, quicker policy interest rate cut...
Green shoots appear in Canada's office market
Road to full recovery still looks a long way off
Full calendar-year net absorption is on track to turn positive in 2024 for the first time since 2019 and major office markets such as Toronto and Calgary are helping to lead the wa...
Canadian inflation jumps higher
Further easing of service-side inflation consistent with another interest rate cut in December
Headline inflation in Canada increased slightly more than expected in October up 2% year on year and above its previous month’s print of 1.6%. The Bank of Canada's preferred "core"...
Economic growth in Canada and the US continues to diverge
Deeper rate cuts in Canada than in US is consistent with the weaker state of Canada’s economy
Economic growth in Canada appears to be losing momentum over the second half of the year.
'Flight to new' not occurring in Canada’s rental apartment market
Unlike office sector, new multifamily buildings are experiencing much higher vacancy than older counterparts
Canada’s housing shortage problems are well known and continue to be a major policy focus for all levels of government. However, despite a surge in the development of new purpose-b...
Despite cutting rates again, Bank of Canada could still be trailing the curve
In signaling more cuts to come, central bank has largely worked off same script from July
The Bank of Canada's cut in its overnight rate by 25 basis points to 4.25% on Wednesday was fully priced in the market as the central bank largely worked off the same script it use...