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Published on Sep 21, 2019
Retail spending remains flat as a pancake in Canada. That has been the case for over a year, with interest rates already below 2% and savings rates at all time lows it seems households won't be able to drive growth much further.
Ironically, the growth of the Canadian economy is still being derived from Real Estate. Where else but in Toronto, where prices continue to rise and there appears to be a renewed interest in pre-sale condo developments. Rising prices, cheap credit, and a building boom in the nations largest city may be our only growth prospects at this time.