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As Canada faces unprecedented economic uncertainty, the fundamentals driving real estate investment, business expansion and regional growth are being completely redrawn.
Understanding these macro forces is essential for any commercial real estate leader making capital allocation decisions today.
Adam Jacobs sits down with Marc Desormeaux, vice president of policy and economist at the Business Council of Canada, to dive into the fundamentals driving the Canadian economy and real estate market.
What you’ll learn:
- Why predictability matters more than the number itself.
- The North Star immigration principle.
- What’s really behind labour market softness.
- The regional divide reshaping Canada.
- What the data actually says about AI and jobs.
- Why Canada’s productivity conversation is different this time.
- How the Strengthening Canada project aims to build a more competitive, resilient, and dynamic Canadian economy.
Marc Desormeaux is vice president of policy and economist at the Business Council of Canada, where he leads work on the economic issues shaping the country's long-term competitiveness. Marc brings a rare blend of perspectives to the role, having worked as an economist on Bay Street before moving into policy, giving him a deep, data-driven understanding of both the Canadian economy and the business and political forces that shape it. At the Business Council of Canada, Marc works closely with the leaders of Canada's largest companies to translate on-the-ground insight into practical policy recommendations; he is currently helping to lead the Council's Strengthening Canada Project, a national consultation focused on building a more resilient, sovereign, and prosperous Canadian economy.
NOTE: This episode was recorded before the federal government expanded the accelerated capital cost allowance.
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