Canada’s job market may appear solid, but in fact it is continuing to face economic turmoil as hiring rate expects to slow. Companies have reacted to this volatile environment by trimming budgets and implementing a hiring freeze. The unemployment rates, especially in the finance, insurance, real-estate and leasing sector, have descended down to 7.1 percent (lowest since December 2008). In the financial service, employment is reducing drastically in the real estate and finance industry. Benjamin Tal, CIBC economist, explains the sensitive relationship of real estate to market fluctuations. From his analysis, he predicts a slow housing market slowdown in the next six months, which would eventually level off the pricings of houses and immediately affect job rates. Surprisingly from all the unemployment rates, the youth’s remains at 14 percent, the highest of any demographic group.