Scotiabank’s chief economist on where housing prices, interest rates and the economy are heading

How swift of an economic rebound can we expect in Canada, and what might it mean for interest rates? These are key questions that will come into greater focus for investors as 2025 nears.

Forecasts for Canadian economic growth are mixed for the upcoming year, ranging from 1.3 per cent to 2.1 per cent at the Big Five banks. Scotiabank is leading the pack with 2.1-per-cent growth anticipated for 2025, matching the Bank of Canada’s expectations.