Downgraded but still solid: IMF’s outlook for Canadian economy

The International Monetary Fund has downgraded its outlook for Canada’s economy. The revised growth forecast is 2.2 per cent this year (revised from 2.3 per cent in January) and two per cent in 2016 (down from 2.1). While any downgrade is not good news, the IMF’s figures reflect the weakness in the oil industry, but said that despite that growth should be “solid.” It also said that, while the U.S. is benefitting from the lower energy costs, Canada has an energy sector that is relatively large so exposure is higher.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Dorchester, North Hatley, Hubbards Point, Honeymoon Bay, Sainte-Eulalie

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?