Bio

Nishaad Rao is a macroeconomist specializing in housing, urban and regional economics, and inequality. His work examines how place and macroeconomic policies shape household decisions and asset portfolios, particularly through their interactions with labour and housing markets.

Research Field(s): Household Finance Housing Inequality Labour Economics Macroeconomics Quantitative Macroeconomics Urban and Regional Economics

Staff research

What’s behind the slowdown in Toronto’s condo market

Sparks at Bank article Benjamin Straus, Nishaad Rao
Strong population growth, low interest rates and robust investor demand drove an expansion in Toronto’s condo market over the past decade. But times have changed. Toronto’s condos are no longer providing substantial returns for short-term investors because population growth has eased and interest rates have risen. This is challenging the business models of condo builders.
Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply

See More