Thursday, May 13th, 2021

Three ways Ottawa could cool the housing market in the federal budget

As Canada’s home prices reach the stratosphere, calls on the government to bring the housing market back to Earth — possibly with a soft landing — are growing increasingly urgent.

Some of Canada’s big banks have recently joined the chorus.

“Overheated markets threaten to destabilize the economy down the road if or when a correction occurs, with possible heavy costs for governments,” Robert Hogue at RBC Economics has warned in a note to clients.

Policymakers should act “immediately” to address soaring property valuations before “the market is left exposed to more severe consequences,” BMO senior economist Robert Kavcic echoed in a similar report.

The average price of a home in Canada has climbed an eye-watering 25 per cent to a record ...[MORE]

Mike Heddle

Mike and his team have built their business primarily through referrals, from other professionals and from satisfied clients while representing developers, investors, and residential resale sales. His educational backgroun Read More...

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