AGP Executive Report
Last update: 12 hours agoMortgage Pressure: The Bank of Canada’s first rate hike in more than three years is adding to buyer hesitation in Toronto, where sales and prices had already weakened; brokers warn higher borrowing costs could deepen the slowdown. Construction Outlook: Sector activity rebounded 1% in the second quarter, but rising material costs and trade uncertainty cloud the outlook for 2027. Non-residential construction costs rose 3.5% year over year, while steel-intensive work saw increases above 8%. Rental Supply: Fengate and Address have acquired a Leslieville site for a purpose-built rental community, adding to Toronto’s pipeline of new housing. Commercial Real Estate: Equity shortages are raising concerns about Canadian commercial property refinancing in 2027.
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