Economy To Bounce Back As Housing Stays Resilient

According to RBC Economics, the economy of Canada will eventually turn out better in the latter half of 2016, and spring forth in the upcoming year. Growth will lead the comeback then followed by low-interest rate and incentives from the government which will make the journey easier. All this is yet to happen in the second quarter following the growth.

A 3.7 percent of annualized GDP increase was called for by the report in the third quarter of this year, while a 1.9 percent in fourth quarter of 2016. A rise of 1.8 percent in GDP is expected for next year, resulting in a 1.3 percent this year.

In the real estate segment, the talks is mostly about the latest slowdown of activities in mostly the British Columbia because of the policy alteration that is having an effect on Vancouver. Nonetheless, there is still a yearly record expected for the area.

The prices are expected to close off the year by increasing to 6.1 percent in the latter part of this year through the country, while the issues of supply will take over, although sales are anticipated to fall back during next year and in total a decrease of 3.5 percent yearly.