BSR Real Estate Investment Trust (TSE:ERE.UN) PT Raised to C$5.25 at Royal Bank of Canada

BSR Real Estate Investment Trust (TSE:ERE.UN – Get Rating) had its price target raised by Royal Bank of Canada from C$5.00 to C$5.25 in a report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 45.03% from … Read more

Nexus Real Estate Investment Trust (CVE:NXR.UN) PT Set at C$12.25 by Royal Bank of Canada

Royal Bank of Canada set a C$12.25 price objective on Nexus Real Estate Investment Trust (CVE:NXR.UN – Get Rating) in a report published on Monday, BayStreet.CA reports. The firm currently has a sector performance rating on the stock. A number of other research firms have also recently commented on NXR.UN. Raymond James dropped their target … Read more

Bank of Canada’s interest-rate hike gives the housing market a surprise, supersized wallop

Construction crew works on new homes under construction, on the day Bank of Canada increased its policy rate a full percentage point in Brampton, Ontario, Canada July 13, 2022.CARLOS OSORIO/Reuters The Bank of Canada’s interest-rate increase is expected to deepen the chill in the country’s housing market by further changing the psychology of buyers and … Read more

Real estate downturn sparks buyers’ remorse

A real estate sign in front of a house in the Riverdale area of ​​Toronto on Sept. 29, 2021.Evan Buhler/The Canadian Press The rapid downturn in Canada’s housing market is restoring a sense of calm to buyers who no longer need to fear being sucked into the whirling vortex of bidding wars. But now that … Read more

Canada to enter ‘moderate and short-lived’ recession in 2023, RBC economists warn

The Royal Bank of Canada building on Bay Street in Toronto on May 27, 2020.Nathan Denette/The Canadian Press The Canadian economy will slip into a “moderate and short-lived” recession in 2023 as it copes with rising interest rates and lofty inflation, Royal Bank of Canada warned on Thursday. The recession won’t be as severe as … Read more

Booming labor market may prevent slowdown from becoming a recession

Tiff Macklem, Governor of the Bank of Canada, at the Globe and Mail Center on Sept. 10, 2020Fred Lum/The Globe and Mail When Bank of Canada Governor Tiff Macklem faces the media this Wednesday after what is sure to be another sharp interest-rate increase, reporters will almost certainly ask him some version of “Do you … Read more

Canada to enter ‘moderate and short-lived’ recession in 2023, RBC economists warn

A person walks by the Royal Bank of Canada building on Bay Street during the COVID-19 Pandemic in Toronto on Wednesday, May 27, 2020.Nathan Denette/The Canadian Press The Canadian economy will slip into a “moderate and short-lived” recession in 2023 as it copes with rising interest rates and lofty inflation, the Royal Bank of Canada … Read more