Canada’s largest bank might be your landlord in the not-so-distant future… if they aren’t already, at this point. The RBC Global Asset Management (GAM) Canadian Core Real Estate Fund entered into an agreement to buy half of a real estate portfolio from Quadreal this week. The deal comes as more investors are crowded out of […]
The Canadian economy still has a long way to go before it’s recovered — possibly further than thought. RBC economist Josh Nye said today’s Bank of Canada (BoC) rate decision was widely expected. The central bank made no changes, reiterating the importance of quantitative ease (QE). Canada’s largest bank sees a risk of QE tapering […]
Canadian (and US) bond yields made an abrupt decline over the past few weeks. This is contrary to what experts had forecast, but it hasn’t changed their tune. In fact, Desjardins chief economist Jimmy Jean said it reinforces his belief. In a note to clients this week, he outlined the disconnect between yields and the […]
Canada’s largest bank now sees the US raising interest rates, and it’s a big positive for Canadian rate hikes. RBC senior economist Josh Nye said the bank sees the US hiking rates by next year. The hike will allow the Bank of Canada (BoC) to raise rates without a significant appreciation of the loonie. This […]
Canada’s largest bank sees the real estate market cooling down soon, especially for new homes. RBC Economics has forecast a sharp decline in new housing starts. The “Big Six” bank expects new building to slow down in the second quarter of this year, and taper into Q3 2022. This will result in a sharp fall […]
Canada’s largest bank sees much higher home price growth in the near future. RBC shared the update to their national home price forecast for 2021. The bank now expects prices to grow almost twice as much as they previously thought. In their previous forecasts, they had expected significantly more government action. With no new policy […]
Canada’s largest bank still sees home prices making a steep drop in a worst-case scenario. RBC regulatory filings for Q2 2021 show the bank’s forecast for risk planning. Currently, they see price growth slowing from current levels, but still advancing. If housing surprises to the upside, they see home prices advancing a little more quickly. […]
Canada’s largest bank thinks the real estate mania might be coming to an end, as conditions loosen. The market is still very tight, according to RBC senior economist Robert Hogue. However, buyer demand is falling much faster than new inventory. April reported the third consecutive month where buyers dropped out of the market faster than […]
Canadian real estate prices are still rising, but showing some signs of moderation. That was RBC senior economist Robert Hogue’s take on April home sales. While he sees big price growth to continue near-term, he’s also seeing a fast-changing market. Many of the factors that heated up the market, are beginning to ease just as […]
Canadian real estate sales are printing big numbers, but the market is apparently moderating. That’s the take from RBC economics, whose latest analysis shows sales slowing in April. New listings have also begun to rise, helping to ease the inventory squeeze. However, the market has yet to acknowledge this, as price growth generally accelerated. Canadian […]
