RBC Says 2019 Was a Turning Point for Canadian Housing Market

RBC Economics says 2019 will go down as ā€œthe turning point for Canadaā€™s housing market.ā€ This refers to the end of the most significant correction since the Great Recession of the last decade and sets the scene for continued recovery for the housing market 2020. The report from senior economist Robert Hogue reflects on a year that faced challenges but …

Toronto Will Need to Double Rental Supply to Meet Future Demand

A new report from RBC Economics focuses on the rental housing deficit, which is set to intensify in the coming years, especially in Toronto and Vancouver. The report says that the supply of new rental homes will need to pick up the pace to meet future demand; in Toronto, the pace must double. In the meantime, lack of supply is …

Canada Ranked #1 Country in the World for Quality of Life

Canada has been named as theĀ #1 country in the world in 2019 for Quality of LifeĀ for the fourth year in a row. Overall, Canada also ranked as theĀ third best country in the world for women,Ā third for education, and second forĀ corporate headquarters.Ā  The study, conducted byĀ US News & World ReportĀ in partnership with Y&Rā€™sĀ BAV andĀ Wharton, broke down 80 countriesā€™ overall rankings based …

Recreation Homes in Demand for a New Demographic

Canadaā€™s recreational home market is growing thanks to a new group of homebuyers claiming their piece of the cottage and vacation homes market. As more Canadians work remotely, they are shunning the city life for a more relaxed home-working environment. Sothebyā€™s International president and CEO Brad Henderson says that he has seen a growing trend for people leaving Montreal or …