This quarter, we look at how long restrictive interest rates will likely compel consumers and businesses to keep a tight hold on their wallets this year in provinces across Canada.
Given higher interest rates, along with strong population growth driving up the demand for housing, where has housing affordability eroded the most? Which provinces are seeing cooling labour markets? We share our forecast for provincial economies over the next five years, including gross domestic product, jobs, inflation, population growth, and housing markets.
Read the impact paper to get our full analysis.
Key findings
Overview
Newfoundland and Labrador
Prince Edward Island
Nova Scotia
New Brunswick
Quebec
Manitoba
Saskatchewan
Alberta
British Columbia
Appendix A—Methodology
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