29 March 2018

“The important thing here is that the GDP is still quite weak and remains below 2%. That’s another reason for the Bank of Canada not to raise rates again,” – says Doug Porter, chief economist at BMO Financial Group.

As you know, the BoC has made three rate hikes since July 2017, and now it says the further changes will depend greatly on economic performance.

“We believe the real estate market will show a weaker activity,” – Paul Ferley, assistant chief economist at RBC Economics, noted. “In my opinion, January results may be outsized. However, we could see more restrained real estate activity this year, because of higher interest rates and the chances for their further increases”.