RBC forecasts 579,600 existing homes will be sold this year.
A report by Bank of Nova Scotia chief economist Jean-François Perrault says that Canada has the lowest average housing supply per capita among the G7.
RBC estimates that the Canadian market was short 180,000 to 250,000 listings at the end of 2021.
RBC says there were 10.5 million people aged 25 to 44 in Canada in 2021, an increase of 8.3% in the past five years.
Immigration is also set to increase with the government target rising to 411,000 this year.
The big event that will tap the brakes on the housing market is Bank of Canada rate hikes.
All going well, that could boost completions to almost 250,000 units in 2022, up from the average of 190,000 units over the past five years.
We do expect 2022 will be a remarkable year by almost any standard … unless you compare it to 2021,” wrote Hogue.
The global outlook for real estate returns also looks strong.
The protest started against the federal government’s vaccine mandate for cross border truckers, but expanded into a larger movement against broader public health measures to limit the spread of the virus.
The dollar value of $517.3 billion was slightly lower than the year before as governments eased off from the early days of the pandemic, but it was well above 2019, writes the Financial Post’s Barbara Shecter.
It’s tempting to ignore it until the the April 30 deadline is upon us, but as our content partner StackCommerce points out, that just makes the task that much more stressful.
From breakdowns on how to create financial reports in Microsoft Excel to lessons on how to enter tax data for an S corporation, the answers to your filing questions can be found here.
We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments.
This website uses cookies to personalize your content , and allows us to analyze our traffic.