One of Canada’s largest banks isn’t joining its peers in a call for housing cooling measures. Scotiabank Chief Economist Jean-François Perrault thinks the country should take a wait-and-see approach. The bank is warning a hasty decision could unfairly penalize existing homeowners. They suggest Canada wait it out, because rising inventory may solve the issue in […]
Canada’s lack of housing affordability is coming for that record top spot. RBC senior economist Robert Hogue published his quarterly affordability assessment for Q4 2020. Home prices have increased almost enough to erase the drop in mortgage rates. The bank sees the current momentum pushing prices higher in the near term. If payments rise even […]
The Canadian government will not be taxing home equity — at least not under the current administration. Minister Ahmed Hussen, who oversees the country’s housing portfolio, said they will not entertain a tax on home equity, today. This comes after increasing calls from academics, and even banks, to consider doing so. It also comes just […]
Canada’s largest bank warned the country’s real estate markets are approaching systemic risk. Not credit risk, banks are more than adequately protected. Instead they see it as a risk for the whole darn economy. RBC senior economist Robert Hogue, who isn’t a traditional bear, warned the market is out of control. Canada’s nurturing of the […]
One of the world’s largest real estate bubbles is getting a new round of affordability measures. Earlier this year, the New Zealand Government said they would put home prices at the top of their agenda. This week they followed up with the first actions they’ll be taking. Property investors will soon see most tax advantages […]
