Logo - Business Development Bank of Canada - BDC

Monthly Economic Letter

Your monthly source of news on economic issues

Here you'll find concise data and clear analysis prepared by our team of economists, including interest rates, economic growth, business credit conditions, and more.

In the current issue:

The Canadian housing market has been a hot topic of conversation since the beginning of the pandemic. Exceptionally strong price appreciation in 2020 and 2021 came to a screeching halt in 2022 when interest rates began to rise. Between February 2022 and March 2023, the average price of a home in Canada fell by 17.5% according to the Canadian Real Estate Association data, but during the past three months, prices have stabilized in Canada. Many people are wondering if the bottom has finally been reached and what’s next for the Canadian housing market. Read more

Subscribe to our publications

Receive, via email, tips, articles and tools for entrepreneurs and more information about our solutions and events. You can withdraw your consent at any time.


  • April 2023Could U.S. banking turmoil turn into a financial crisis?
  • March 2023Can Canadian households afford to keep spending?
  • February 2023The end of interest rate hikes: What does it mean?
  • January 2023You’ve got questions. We have answers!
  • December 2022Economic outlook 2023: cause for caution, not alarm
  • November 2022What to expect from the coming economic downturn?
  • October 2022Interest rate hikes begin to hit the Canadian economy
  • September 2022Will wages continue to rise?
  • July 2022Rising interest rates: When will it end?
  • June 2022A real estate crash on the horizon?
  • May 2022The economy looks healthy. Why all the talk about a recession?
  • April 2022Is the economy headed toward 1970s-style stagflation?