Scrapping Mortgage Rules Would Boost Canadian Home Prices, TD Says

Scrapping Mortgage Rules Would Boost Canadian Home Prices, TD Says

The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, Toronto-Dominion Bank says.

Home sales were about 40,000 lower between the final quarter of 2017 and the same period a year later than they otherwise would have been without the rules, according to a note to clients Tuesday by TD economists Rishi Sondhi, Ksenia Bushmeneva and Derek Burleton. That translates into about a 7 percent decline in sales, they said.

Full article

Blog Archives

Tags