Category: Canada housing market

Canada’s Housing Market on Verge of a Major Correction, RBC Predicts

Canadians can soon expect the largest housing market correction in over 40 years, the Royal Bank of Canada predicts in a new report. Robert Hogue, an analyst at RBC Economics and the author of the report, said surging inflation has caused RBC to change its former economic forecast to a more severe alternative. “The economic…


PBO, Critics Question Feds’ High Spending Even as Planned Stimulus No Longer Needed

The federal government is continuing its high-spending ways despite the end of its rationale for doing so, say the Parliamentary Budget Officer (PBO) and others concerned about long-term economic consequences. “Since the start of the pandemic, the Government has spent, or has planned to spend, $541.9 billion in new measures—almost one third of which [$176.6…