Will inflation come down and will housing be affordable again?

It’s no secret that inflation woes, the higher cost of goods and services, and the current housing affordability crisis may be weighing on you—and they’re also likely impacting your wealth plan. From your primary residence to a secondary home or investment property, the current state of the economy (including inflation) can impact your wealth planning. Although inflation is lower than it was last year, it’s still higher than the target rate of 2%. As potential rate cuts are looming and housing demand outweighs supply, if you’re looking to invest in the real estate market, you may currently be in a holding pattern. What does the current state of the Canadian economy mean for your wealth plan and investment goals?

In the May edition of Market Spotlight, CIBC Asset Management investment professionals discuss how Canada’s housing affordability crisis could impact your real estate investments and how the recent surge in population growth is impacting the Canadian economy.

If you have questions or would like to discuss the impact of the Canadian economy on your wealth plan and goals in more detail or have questions about your investment portfolio, please get in touch with me anytime. At CIBC Private Wealth, we take a comprehensive approach to managing, building and protecting your wealth.