The latest reading of Canada’s economy brings both good and bad news for the housing market.
The Bank of Canada is unlikely to increase interest rates next week according to a panel of leading economists, which has also commented on Canadian housing policy.
Less than 60% are feeling good about the economy this year, however – considerably lower than the 65% in 2017. The proportion of those pessimistic about the economy is also catching up, at 41%.
Canada’s economy is adjusting well to higher borrowing rates and tighter mortgage lending restriction. That was one of the key messages from the Bank of