Canada’s Housing Market: Can It Keep the Momentum Going?

The Conference Board of Canada, February 1, 2018 at 02:00 PM EST
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The foundations of Canada’s housing market are still solid for now. Demographic trends and employment growth remain supportive, but potential rising interest rates, regulatory tightening and high debt are worries. The longer-term trends show some weakness, but The Conference Board of Canada forecasts a “soft landing” in the near term.

Join Robin Wiebe for the Conference Board’s analysis of the Canadian housing market nationally and in key cities across the country.

The national market is the sum of its parts and not all parts are performing equally. Both Vancouver and Toronto are still adapting to their recently imposed foreign buyers’ taxes. Markets in Montréal and Ottawa are improving, while Calgary’s market remains soft.

Webinar Highlights

During this webinar, Robin will focus on the key trends shaping markets, including:

  • Consumers are less tapped-out than some have suggested. There are limited signs of borrower stress despite high debt. Arrears remain low, but rising interest rates are a risk.
  • Strong housing markets in recent years can be explained by a high share of individuals aged 25 to 54 – However, a precarious job market and poor housing affordability have cut headship rates among the 15-to-24 year-old age group over the past 30 years.
  • A rising number of Canadians live alone, Canada’s housing stock featured a lower proportion of single-detached units in 2016 than in 1981. It means more units are required to shelter a given population and affects the type of house homebuyers are seeking.

About Robin

Photo of Robyn WiebeRobin Wiebe is Senior Economist in the Centre for Municipal Studies and The Conference Board of Canada’s housing expert. Robin is a contributor to the regular municipal forecasts and co-authors housing reports for external clients.

Before joining the Conference Board in 2006, Robin was a market analyst with the Canada Mortgage and Housing Corporation for 19 years, serving in Thunder Bay, Windsor, Ontario and Ottawa. His expertise on the housing market was well-respected by both internal and external clients and earned him the position of CMHC spokesperson for the media.

Robin holds a B.A. in Economics from Wilfrid Laurier University and a M.A. in Economics from the University of Guelph.

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Price: $249.00 (CAD)