AGP Executive Report
Last update: 3 hours agoBank of Canada Watch: Minutes from the July 15 meeting show governors split on whether the rebound is sustainable, pointing to a stalled Toronto/Vancouver housing market, flat business investment and fading consumer resilience. Housing Supply (North): CMHC’s Northern Housing Report says supply remains constrained in Whitehorse, Yellowknife and Iqaluit, with starts still below 2021 levels due to high costs, limited serviced land and logistics/labour issues. Affordable Housing (NWT): Ottawa and GNWT announced $655M in funding to support 560 affordable units by 2030 plus new health and post-secondary infrastructure. Development Charges (Ontario): Norfolk builders and industry groups warn a proposed $25,000 jump in development charges would further squeeze an already slowing market. Vancouver Rentals: OpenForm and EDC broke ground on Easthill, a 339-unit rental project in Vancouver’s Renfrew/East Broadway area. LNG & Energy Exports (B.C.): Ksi Lisims LNG signed a long-term deal with Germany’s Uniper, adding momentum toward a final investment decision for the Prince Rupert-area project. Foreign Buyers (U.S. spillover): A Realtors report says international purchases of U.S. existing homes fell 14% year over year, citing high prices, mortgage rates and geopolitical uncertainty. Montreal Airport Disruption: U.S. customs briefly suspended operations at Trudeau due to an odour from construction materials, cancelling about 20 flights.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
