The Bank of Canada Front-Loading Won’t Guarantee A Soft-Landing: RBC
RBC no longer sees a soft-landing as a possibility, and now expects a moderate recession will kick off as early as the end of this year.
Canadian Real Estate Prices Get Another Forecast Revision Lower From RBC
RBC quarterly filings reveal the bank is seeing its baseline expectations for Canadian real estate prices erode even further.
Canadian Real Estate Correction Is Becoming The Deepest In Half A Century: RBC
Canada’s largest bank might be its largest real estate bear after last month’s sales. This week RBC explained to investors that a Canadian real estate correction is here. Following downward revisions to the bank’s forecast, key markets reported further erosion. They see the correction spreading wider, and may be the deepest in half a century. […]
Canadian Real Estate Expected To See A “Historic Correction,” Biggest Drop Ever: RBC
Canada’s largest bank sees the country’s real estate bubble popping like no other. Last week we explained RBC is getting ready to revise its forecast lower, and they made it official today. The bank explained to investors the correction will be larger than previously expected. They’re now forecasting the largest downturn in history for both […]
RBC Warns Canada’s Real Estate Price Correction Is Spreading, Calls Double-Digit Drop
Earlier this year, Canada’s largest bank forecasted low home price growth. However, RBC warned risk was slanted to the downside which is now here. In the bank’s commentary on existing-home sales, they found the correction is spreading. As a result, the bank now expects prices to fall across the country over the next few months. […]
Canada’s Sky-High Inflation To Force The Economy To Slow This Summer: RBC
Canada will need to pump the breaks to stabilize its overheated economy. That was the message from RBC Economics’ latest research on inflation. Sky-high inflation has forced central banks to adopt an aggressive rate hike schedule. Cooling inflation (and the economy) with rapid rate normalization is now the plan. The slowdown is expected to begin […]
Canadian Real Estate’s Worst Case Is A 30% Price Drop, Still Down By 2027: RBC
Canada’s largest bank is bullish on the economy but not on home prices. RBC regulatory filings reveal they see home prices making a modest decline by next year. That’s if the economy encounters no unexpected hiccups. However, the bank warns they’ve placed more weight to the downside as the outlook darkens. In the downside scenario, […]
Canadian Real Estate Is In For A “Game Changer,” Forecast Revised Lower: RBC
Canadian real estate is approaching a game changing environment, according to the country’s biggest bank. RBC Economics notified customers they’ve made downward revisions to their home sale forecast, as rates rise higher than expected. The Bank of Canada (BoC) tries to cool potentially destabilizing inflation, it’s expected to reduce budgets. Lower budgets following record demand […]
Canadian Inflation Hits Highest Growth In 31 Years, Experts See Interest Rates Surging
Canadian households were hit with the fastest rise in living expenses in over 3 decades. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth for March was the highest in over 31 years. High crude oil prices have been the focus of most media attention, but the issue is much more […]
Canadian Interest Rates Forecast To Double In 2 Weeks, Timeline Accelerated: RBC
Canada’s largest bank is accelerating its forecast for higher interest rates. RBC sees the Bank of Canada (BoC) doubling the overnight rate at the April meeting. The bank is also accelerating its forecast, seeing a sharp and fast tightening cycle. By year end, they expect the overnight rate to hit the highest level in over […]
