AGP Executive Report
Last update: 33 minutes agoMarket Outlook: PwC and the Urban Land Institute say Canada’s real estate cycle is near its floor, though recovery will vary by region and property type. The outlook remains uncertain: Moody’s cut its Canadian home-price forecast as resales weaken, and B.C. home sales fell 11% year over year in October. Mortgage Costs: A recent Bank of Canada rate increase points to higher mortgage payments, adding pressure for buyers. Housing Policy: Ottawa’s nearly $30-billion plan to address homelessness by 2036 will depend on coordination with provinces and municipalities. Budget 2026 also proposes allowing foreign buyers to purchase new builds as condo sales stall. REITs: H&R REIT’s proposed $6.7-billion sale and breakup is cancelled after unitholders voted it down; the trust will remain publicly traded.
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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