OECD Flags Key Risks in Canada’s Economic Outlook, Calls for Housing Supply Action
- Clearview Insider
- Jun 27
- 1 min read
The OECD’s 2025 Economic Survey of Canada reinforces the strength of the country’s macroeconomic fundamentals—highlighting robust public finances and a well-capitalized banking sector—but also outlines growing structural vulnerabilities. Tariff tensions with the U.S., high household mortgage debt, and rising debt service costs are weighing on household balance sheets and consumer demand.
Of particular relevance to real estate, the OECD calls for accelerated efforts to improve housing affordability. Key policy recommendations include:
Upzoning and higher-density approvals
Faster permitting
Increased investment in social and affordable housing
The report also highlights labour productivity lag, suggesting reforms in R&D funding, interprovincial trade barriers, digital transformation as necessary for long-term growth.
For Calgary CRE, the message is clear: the macro environment remains sound, but systemic constraints in housing supply, consumer spending, and productivity must be addressed. Stakeholders across residential and commercial sectors should watch for policy shifts and incentive programs aimed at enabling housing and innovation-led growth.
Reference: OECD Economic Surveys: Canada 2025. Full report
Connect with ClearView: Want to explore how economic policy and structural reforms could reshape Calgary’s development pipeline? Contact us at info@cvpartners.ca.