The central bank maintained its long - standing prediction that regions experiencing
elevated house price growth, such as British Columbia and Ontario, will face localized risks, but the most likely scenario remains a «soft landing» and stabilization of debt - to - income ratios.
Not exact matches
If anything should be clear from the bubbles of recent years, the greatest risks are not when
prices are depressed, the economy is weak, and investors are frightened, but rather when
prices are
elevated and an unendingly positive outlook for technology, or
housing, or global
growth, or private equity, or emerging markets, or commodities seems all but certain.
And while slower
price growth suggests Canada is already «moving towards a more balanced
housing market,» today's
prices are still, in the bank's view, «
elevated» after «a 10 - year build - up.»
«While the
housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping
price growth elevated.»
«While the
housing market gained a little more momentum last month, sales are still below year - ago levels because low inventory is limiting choices for prospective buyers and keeping
price growth elevated.»
Dr. Lawrence Yun, NAR Chief Economist said, «While the
housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping
price growth elevated.»
These cities» slightly negative
housing price growth in the chart is a figment of their unusually
elevated housing prices circa 1980.