Canadian Industrial Profile: Real Estate—2019

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

Document 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.