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Canadian Industrial Profile

Real Estate

This industry profile provides a five-year forecast for Canada’s real estate industry.

Cover of report

 

Download the 2019 Profile

Published: July 9, 2019 (2 pages)

Highlights

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.

Previous profiles

2018
2017