interest rate forecast

No more rate hikes expected as unemployment rate rises to 21-month high

November 3, 2023 1 Comment

Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say.

CIBC’s Tal: “We are very, very close to the end of monetary tightening”

October 17, 2023 2 Comments

CIBC deputy chief economist Benjamin Tal said that while we’re are very close to the end of Bank of Canada rate hikes—or maybe already there—the biggest question is when the Bank will being cutting rates.

Oxford Economics predicts house price decline

Recession expected to drive home prices down another 10%: Oxford

September 20, 2023 No Comments

In its economic and housing outlook released today, Oxford Economics is forecasting a mild recession by the end of the year will lead to an additional 10% decline in average house prices by early next year.

Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC

May 2, 2023 No Comments

The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren’t expected to fall below pre-pandemic levels.

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interest rate forecast

No more rate hikes expected as unemployment rate rises to 21-month high

CIBC’s Tal: “We are very, very close to the end of monetary tightening”

Recession expected to drive home prices down another 10%: Oxford

Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC

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