The Canadian economy is expected to grow at a moderate pace, with inflation projected to ease back to 2% in 2027. This growth is expected to continue as the economy adjusts to US tariffs and higher oil prices linked to the war in the Middle East.
Households and businesses in Canada remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.
For Calgary buyers and sellers, this moderate growth means that the real estate market is likely to remain stable, with potential for growth in the coming years. As the economy continues to adjust to global events, it's essential for buyers and sellers to stay informed about the latest developments.
Sources: Bank of Canada