RBC Says 2019 Was a Turning Point for Canadian Housing Market

RBC Economics says 2019 will go down as “the turning point for Canada’s housing market.” 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 …