Good News for Canadian Housing Market

Recently the Canadian Housing Market has been getting some bad raps from the media, quoting the international finance gurus, as they painted a picture of our market being over inflated and due for a re-alignment so, I felt a need to share parts of this article as I appreciated the more positive interpretation from our own governor of the Bank of Canada,as written by

Jennifer Paterson 30 Apr 2015 Canadian Real Estate Wealth

The governor of the Bank of Canada Stephen Poloz may be patting Canadian investors on the back, suggesting there is no current evidence of the kind of dangerous property speculation that would denote "bubble" conditions.

“There are many characteristics of a 'bubble' situation that are not present,”
Poloz told the House of Commons Standing Committee on Finance earlier this week, pointing to highly speculative behaviour as one example; for instance, people buying multiple properties with the sole intent of selling them at a profit in the future………………
Poloz also said that, thanks to historically low interest rates, Canada's housing market actually helped to buoy the country’s economy during the global economic crisis…….. "


There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Pauline Gee

Pauline Gee

Sales Representative
CENTURY 21 John DeVries Ltd., Brokerage*
Contact Me

Blog Archives