Welcome guest.  ( Sign in )

Will cooling the housing market negatively impact the economy!

August 12, 2016

CIBC expert warns that housing market curbs could hit economy

  
 
Measures to cool Canada’s two hottest housing markets could have a negative impact on the wider economy according to CIBC economist Avery Shenfeld.

He has added his voice to those demanding that the issue of supply should be the main focus of officials rather than the dampening of demand.

While he cautioned of the effects of cooling markets, Shenfeld wrote in a client report that rising house prices in Vancouver do not boost the wider economy as many are forced to tighten their belts to save for a downpayment.
“The lack of affordable housing for the next generation of workforce entrants could act as an impediment to business growth, or encourage businesses to locate elsewhere,” Shenfeld warns.

He also argued that housing markets do not have to see a boom and bust cycle, if the right policies are in place.
 

Are you or anyone you know looking to buy or sell? Please visit us at Durham Bungalows!

 

source: http://www.canadianrealestatemagazine.ca/market-update/cibc-expert-warns-that-housing-market-curbs-could-hit-economy-212039.aspx


Tagged with: housing economy
| | Share

History of Remembrance Day

Originally posted on: November 10, 2017
Last updated on: November 10, 2017
Filed under: remembrance day
Remembrance Day The national day to remember those who died in military service is observed across Canada each year on 11 November – t ...

New Mortgage Stress Test Rules

Originally posted on: October 18, 2017
Filed under: mortgage stress test
News Release For Immediate Release OTTAWA - October 17, 2017 - Office of the Superintendent of Financial Institutions Canada Today t ...

Google Makes Huge investment in Toronto

Originally posted on: October 18, 2017
Last updated on: October 18, 2017
Filed under: google investment investing toronto
Google's Sidewalk Labs signs deal for 'smart city' makeover of Toronto's waterfront The partnership between a U.S. urba ...

Happy Thanksgiving!

Originally posted on: October 6, 2017
Last updated on: October 6, 2017
Filed under: thanksgiving

The Difference between Mortgage Investment Corporations and Individual Mortgage investments.

Originally posted on: September 28, 2017
Last updated on: September 28, 2017
Filed under: mortgage mortgage investments investments
This is a great article if you are an investor or have been looking into investing. If you would like to speak with us regarding the article ...


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-905-995-0460
Powered by Lone Wolf Real Estate Technologies (CMS6)