The Bank of Canada warns it is unlikely that the current pace of housing price increases in the Vancouver and Toronto area can be sustained.
The central bank made the comment Thursday in releasing its latest biannual review of risks posed to the Canadian financial system.
"[Housing market] supply will be somewhat more elastic in the long term, and it is unlikely that demand fundamentals will justify continued strong price increases," the bank said.
How will increasing the interest rates effect the foreign buyers who are paying cash for these houses? It will just make it unaffordable for the few Canadians who currently are in a mortgage.
Quote:bank of Canada knows dick all . They have preaching market correction for 5 years and prices only keeps going up
Quote:Exactly. Piss on the Guvnor
Quote:, and it is unlikely that demand fundamentals will justify continued strong price increases,seriously!
{seriously sweet comment dat! (map)}
"demand fundamentals" :-[ :-[ :-[ :-[
wat are demand fundamentals ::confused:: ::confused:: ::confused::
it means there is a demand for Canadian housing by criminal and politically insane and right wing money fleeing rebellion in other parts of world into a right wing safe haven market... Canada.
dat is what demand fundamentals are ::confused:: how 'long' and fat and plentiful is that money ::confused:: ::confused:: ::confused:: how long will it continue to flow.... can it continue to flow... before it dries up ::confused:: ::confused::
wat goes up must come dong,
spinning wheels round and round..
ride a painted pony.......
[quote author=mapoui link=topic=104624.msg697231#msg697231 date=1465588725]
hol' yuh money and wait fuh collapse or correction..... den buy cheap or cheaper
:-[ :-[ :-[ :-[
:-[ :-[ :-[
:-[ :-[
:-[
[/quote] Dream on . Might correct in Vancouver but not Toronto and the GTA. Here people buy houses to live in, not for speculation
