Market Outlook: Housing demand weakens as population growth stalls
BNN Bloomberg
Canada’s population decline is easing rental demand and weighing on housing as interest rates remain elevated and activity stays subdued.
BNN Bloomberg spoke with Robert Kavcic, senior economist at BMO Capital Markets, who says the adjustment is already feeding through the economy, with housing expected to remain subdued as interest rates stay elevated and demand normalizes.
Read the full transcript below:
ROGER: Canada’s population shrank again. It’s another headwind for an already soft housing market and a broader economy now facing higher uncertainty after the Bank of Canada held rates and warned about fallout from the Iran war. Let’s bring in Robert Kavcic, senior economist at BMO Capital Markets. Robert, thanks very much for joining us.
ROBERT: Of course. Thanks for having me.
ROGER: Two quarters in a row — I want to make sure I’m reading this right — the last two quarters of 2025, Canada’s population declined?
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