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Canadian GDP Growth Hits Half The Estimate, Previous Data Revised Lower - Better Dwelling (betterdwelling.com)

Canada’s economy started the year strong, but things are changing fast. Statistics Canada (Stat Can) real gross domestic (GDP) growth came in slower-than-expected in February. Today’s data also included a downward revision for January, and a preliminary estimate of flat growth for the rest of the quarter. Any signs of life...

Canadian Real Estate Market Strength Unlikely To Last: RBC (betterdwelling.com)

Canadian real estate prices are back to surging after a correction that barely lasted a year. However, the momentum carrying prices higher isn’t expected to last very long after the latest Bank of Canada (BoC) rate hike. RBC, the country’s largest bank, expects rising interest rates will throttle demand at a time when more...

Bank of Canada Expected To Hit Market With Two More Rate Hikes: BMO (betterdwelling.com)

The Bank of Canada (BoC) surprised the market with a rate hike last week, and BMO doesn’t think it was the last one. Canada’s economy is running so hot, the market now expects at least two more rate hikes. It’ll almost certainly lead to higher mortgage rates, which will throttle demand for housing at these prices. That’s...

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