Managing Director of Real Estate Research Mark Rothschild notes that overall Canadian rental apartment market fundamentals remain stable. Significant increases in vacancy rates in resource-driven markets were offset by improved fundamentals in British Columbia, Ontario, and Atlantic Canada.
North American Portfolio Strategist Martin Roberge believes Greece should benefit from a final opportunity to reach an agreement with its creditors this weekend before the June 30 deadline.
In other news, The US posted stronger-than-expected economic data. Martin suggests the economy is likely to reaccelerate in H2 while inflation seems to have bottomed out. Martin's Chart of the Week also shows US consumers seem to be willing to spend the extra dollars they've saved at the pump.
The Canaccord Genuity research included in the Legacy Wealth Weekly is solely for Canadian residents. To subscribe to our weekly newsletter,click here.