The Bank of Canada’s monetary policy supporting decades of low interest rates has been a strong tailwind for the Canadian housing market. Coupled with robust demand for all types of housing - driven by demographic trends and ambitious immigration policies, Canadian house prices reached a peak in February 2022. But a sharp reversal of policy in March and a forward trajectory of interest rate hikes has set the stage for a very different housing market than the ones Canadians have become accustomed to.

On this episode of The Real Pulse, Robert Hogue, Assistant Chief Economist, RBC, joins Nurit Altman to help decipher what rising interest rates, construction costs and recessionary fears will mean for the housing market.

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Family offices saw their wealth grow during the pandemic, and with more capital to deploy, they, alongside private investors, play an increasingly important role in the real estate market in Canada and abroad. Every family office has a unique strategy and with that a unique approach to real estate investing, which can make it a challenge to predict where their interest will lie in this rapidly changing market environment.

It is often said that when the US sneezes, Canada catches a cold. Economic conditions that appear first in the US are often a precursor to what is experienced in Canada so understanding the impact of rising interest rates, inflation and geopolitics on US real estate markets may provide important insights into what trends will play out in Canada for the balance of the year.