State of the Canadian economy and prospects for real estate business

As we discussed previously, the influx of foreign money is disrupting the dynamics of the real estate markets in both United States and Canada, and that is impacting how many Millennials can afford to buy their first home.  In addition, as good as it was that Canada largely avoided the 2008 financial meltdown, the decline in oil prices has brought its economy to a standstill.  The report below provides a snapshot of the Canadian economy and how it will impact the real estate market.