Canada’s housing supply has faced chronic shortages in recent years as households and the economy are held back by a lack of available and affordable places to live. Many proposals have been offered, from overhauling regulations to bolstering financial incentives. But one factor often gets ... READ MORE >
Canada housing
The case for the Bank of Canada to accelerate rate cuts
With restrictive financial conditions, high interest rates and still-elevated inflation, the Canadian economy has come to a standstill and is now at a tipping point. The Bank of Canada’s decisions over the next few months could influence whether the economy arrives at a soft landing or falls into a ... READ MORE >
As Canada pledges to restrain spending, it confronts a housing crisis
With Canada’s debt and interest payments rising, the federal government pledged this week to exercise restraint in spending. The announcement, which came Tuesday in the government's Fall Economic Statement, comes amid rising pressure for Canada to avoid fueling inflation with more spending, especially ... READ MORE >
Amid Canada’s housing crunch, some move in with other generations
As Canada grapples with an acute shortage of housing, some residents are embracing a shift toward multigenerational residences. This phenomenon, which includes multiple generations of adults living under one roof, is being driven in no small part by necessity as younger buyers and new arrivals to ... READ MORE >
Canada has an acute shortage of housing. Easing regulations would help solve that.
Canada’s housing crisis keeps getting worse. The latest Housing Supply Report by the Canada Mortgage and Housing Corporation concluded that the level of new construction is too low to address the long-term housing supply gap. The housing supply grew by only 1% in the first half of this year, ... READ MORE >
Canada’s economy contracts as higher interest rates take a toll
The picture of an economic slowdown is coming into focus as the Canadian economy contracted in the second quarter because of declining housing investments and household spending. Gross domestic product fell by 0.2% in the second quarter, according to data released by Statistics Canada on Friday. On ... READ MORE >
Housing proved a drag on Canada’s economy in the second quarter
Canada’s real gross domestic product rose by 0.1% in June from May amid a slumping housing sector, according to data released by Statistics Canada on Wednesday. For the second quarter overall, the economy posted a 3.3% gain, which fell short of expectations. While the economy is not in recession, the ... READ MORE >