Despite current challenges, Canada remains positioned for growth, ranking among top G7 nations in GDP, population, and employment growth. Interest rates are expected to decline to around 2.25% by spring 2025, with the Bank of Canada aiming for a soft landing. The real estate market shows signs of recovery across various sectors, with investment volumes projected to reach $48 billion in 2025.

• Immigration policy changes will moderate economic growth, with temporary residents reducing from 7% to 5% of the population
• Commercial real estate shows sector-specific trends: office spaces prioritizing experience, retail expanding to secondary markets, and industrial market working toward normalization
• The investment market is projected to recover with improved sentiment and increased lending activity, though with more conservative underwriting approaches

Exchange-Traded Funds (ETFs) | BMO Global Asset Management