AGP Executive Report
Last update: 11 hours agoInterest Rates: Markets widely expect the Bank of Canada to raise its policy rate by a quarter-point, the first increase since 2023—a move that could add pressure for borrowers and homebuyers. Housing Market: The prolonged correction is concentrated in Ontario and B.C., while mortgage arrears in Ontario are forecast to rise through mid-2027. New detached homes also remain costly: prices are reported at five times construction costs in Vancouver and twice costs in Calgary. Building and Investment: Slower homebuilding risks undermining affordability gains, even as commercial real estate investment picks up in key Canadian markets. Saskatchewan’s building investment rose 17 per cent in August, offering a brighter note for construction. Local Housing: Windsor’s proposed tiny-home village faces an uncertain future after its mayor-elect opposed the plan, favouring permanent affordable housing instead.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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