And while it could be argued that the dazzling boom and bust of a few 26 - year - old white male skateboarders - cum - abstract - painters isn't representative of thousands of other emerging artists, the spectacular market failure of that one, tiny group had a much broader
cooling effect on the market: With collectors suddenly questioning the value of their not - insignificant investments (no matter how rich you are, watching your $ 100,000 painting go to $ 20,000 in a few months has to be unpleasant), a crisis of confidence resulted in some very good galleries going under.
Addressing the Fair Housing Plan that was announced by the Ontario government in April, the president of the KWAR notes that it is still too soon to know if the measures will have the intended
cooling effect on the market.
Not exact matches
It remains to be seen whether the changes will have a
cooling effect on hot housing
markets or how much more difficult it will be for would - be homebuyers to secure mortgages.
The dominance of big tech has had a
cooling effect on the IPO
market.
Macroprudential and other policy measures, while contributing to more sustainable debt profiles, have yet to have a substantial
cooling effect on housing
markets.
I also discuss how the Vancouver Empty homes tax has had zero
effect on cooling the Vancouver
market.
Rising mortgage rates could also have a
cooling effect on the local real estate
market next year.
A similar pace of increases between 2003 and 2006 most certainly did
cool the economy, and the rise in short - term rates (and the
effects of Fed policy
on funding costs in global
markets) may have precipitated the early days of the subprime ARM crisis, when rates were being adjusted sharply upward, causing payment shock for borrowers.
Rising mortgage rates could also have a
cooling effect on the local real estate
market next year.
On the positive side, the new rules eliminate some of the most highly leveraged mortgages, and may have a cooling effect on overheated markets of Toronto and Vancouve
On the positive side, the new rules eliminate some of the most highly leveraged mortgages, and may have a
cooling effect on overheated markets of Toronto and Vancouve
on overheated
markets of Toronto and Vancouver.
«REALTORS ® in some
markets are reporting that the
effect of tighter regulations
on capital outflows in China and weaker currencies in Canada and the UK have somewhat
cooled non-resident foreign buyer interest in early 2017.»
The Bank of Canada has intentionally «slowed» down the «red hot housing
market» (Toronto and Vancouver
cooled on their own before the measures came in to
effect), with a series of banking rule changes which basically have slowed down the flow of money during a time of economic uncertainty.
Nearly half of the 765 Royal LePage sales reps and brokers polled in Ontario and B.C. said the HST that took
effect in both provinces July 1 is having the greatest
effect on the
cooling residential real estate
market, compared to just 28.4 per cent who cited rising interest rates as having the greatest
effect.
Nearly half of the 765 Royal LePage sales reps and brokers polled in Ontario and B.C. said the HST is having the greatest
effect on the
cooling residential real estate
market