In the media | 09 Aug 2023

BNN Bloomberg: Canada’s real estate correction is far from over

Tony Stillo

Director of Canada Economics

Tony Stillo, Director of Canada Economics, discusses Canada’s house price correction and the outlook for housing affordability.

Listen to the interview below:

To download our latest reports, please check out Resource Hub – Oxford Economics.

You may be interested in


Office jobs outpace total city job growth, although not in US

In Asia Pacific and in Europe, total employment growth in major cities over the period 2023-27 is likely to lag behind office employment, with China seeing a particularly large gap between the two. In Canada, office employment will also slightly outpace the total.

Find Out More


Office-based job gains to slow across Canadian metros

Recent strong growth in office-based employment will come to an end this year across Canadian metros, as many metro economies experience a period of recession.

Find Out More


Rampant wildfires could be a major disruptor for Canadian economy

An extraordinary start to Canada’s nation-wide wildfire season has already destroyed more than 5.5 million hectares of timber and is on pace to burn 7.5 million hectares by the end of the summer, larger than the land mass of New Brunswick. This would roughly match 1989 for the country’s worst wildfire season on record.

Find Out More