Focus on the Market
This section will summarize the main news stories related to the real estate market and the economy.
Bank of Canada released its 2022 Review of the Canadian Financial System. This annual report provides an overview of the financial vulnerabilities and the risks in the Canadian economy.
Manulife recently released the results of its latest household debt survey. Focusing on the entire Canadian market, this analysis highlights a few areas of concern in the Canadian real estate market.
National Bank released its quarterly Housing Affordability Monitor for Canada in May. The data, which focuses on the first quarter of 2022, shows a particularly significant deterioration in housing affordability across the country.
APCHQ published a report in its series of housing bulletins entitled “What is the extent of Quebec’s housing deficit?” In addition to offering a portrait of the province’s latest residential market trends, the report presents an estimate of Quebec’s available housing deficit, this report is only available in French.
Bank of Canada researchers recently published an analysis of the different types of buyers with a mortgage in Canada. This analysis, in addition to having a detailed section on their methodology, presents the medium-term growth from investors in Canadian real estate transactions.
The National Bank of Canada recently released its August update of the Canadian Housing Affordability Monitor.
A recent report from the US National Association of Realtors provides an interesting perspective on the real estate market south of the border.
In a recent note, RBC Economics released an update to its measure of housing affordability, showing ownership costs as a percentage of median household income.
The Canada Mortgage and Housing Corporation (CMHC) recently released the results of its 2021 Mortgage Consumer Survey.
In its recent financial system review, the Bank of Canada dedicated a portion of its analysis to the Canadian housing situation which it considers to be one of the six points of vulnerability of the Canadian economy.
In a recent economic note, economists at BMO Capital Markets looked at the issue of supply in the residential real estate market as well as household formation in the Canadian economy.
In May, the Canada Mortgage and Housing Corporation (CMHC) released an update of its 2021–2022 housing market outlook for major Canadian cities. Here are the report highlights for the Montreal and Quebec City census metropolitan areas (CMA).
In a recent analytical note, economists from the Bank of Canada focused on housing market imbalances and household indebtedness. Here are the analysis highlights.
In March, the Institut de la Statistique du Québec (ISQ) published a portrait of the demographic situation in Quebec in 2020. In its study, the ISQ explored the consequences of the restrictions put in place to slow the progression of the COVID-19 pandemic.
The COVID-19 pandemic has led to a notable increase in remote working and has prompted many North Americans to move out of urban centres to larger, more affordable homes outside the city. The American magazine PC Mag has identified the best work-from-home cities in Canada and the United States.
In a recent report, the CIBC studied the impact of the pandemic on Canadians’ propensity to want to move out of major urban centres. While current teleworking practices are fostering this “exodus”, the CIBC warns workers that moving further away from their workplace could be a big mistake.
In an analysis released in January, RBC Bank presented its Canadian housing market forecasts for 2021 and 2022. RBC forecasts benchmark price growth of 9 per cent in Quebec in 2021. The increases will be greater in smaller markets than in large urban centres.