Global Macro Service > Research Briefings > Canada

A housing rebound is underway, but a new boom is unlikely

Across Canada, housing has shown renewed dynamism after a successful soft landing. Home sales are up, prices are firming again, and though starts are solid, supply pressures persist. Despite strong underlying demographics and continuing low lending rates, housing activity is set to improve only modestly in the near term, limited by elevated household debt, excessively high house prices in key metros, and a more slowly growing economy overall.

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