Canada Archives - Page 2 of 220

Bank of Canada’s Delayed Action Means A Hard Landing Is Most Likely: Oxford Econ

Oxford Economics now sees a moderate recession after the Bank of Canada now needs more aggressive rate hikes due to persistent inflation.

Canada’s M1+, a narrow measure of its money supply, is seeing growth fall at a rate that almost always precedes a recession.

Greater Toronto real estate prices continued to fall in August, with the cost of a typical home now back to October 2021-levels.

Canada’s economy was a little less dependent on real estate in the last quarter, but still nearly 30% more dependent than the US in 2006.

Canada’s second-largest bank is the latest to forecast declining real estate prices, but the good news is they don’t see a deep recession.

RBC quarterly filings reveal the bank is seeing its baseline expectations for Canadian real estate prices erode even further.

Canada’s major real estate markets are back to a “balanced” market and can head into a buyers’ market if things don’t firm soon.

Canadian HELOC debt is climbing at the fastest rate in nearly a decade, despite rising interest rates designed to cool borrowing.

Canadian mortgage borrowing might be slower but even slower is a breakneck speed as the overstimulated market tries to calm.

Canadian real estate entered a bear market as higher rates killed excess demand, and BMO sees things getting worse in the coming months.