Interest rates—With the national economy slowing down, no further interest hikes are expected by the Bank of Canada until mid-2020, something that will provide stability to real estate agents and brokers.
First-time homebuyer incentive—As part of its recent budget, the federal government introduced a new measure for first-time homebuyers that will offer eligible households financing for up to 10 per cent of the cost of their home. This should marginally boost demand for real estate services.
E-commerce—E-commerce continues to expand rapidly in Canada, making it necessary to provide denser distribution networks, in particular for last-mile delivery. This is boosting demand for warehouse and storage space.