Not exact matches
For the past few years, the Finance Minister has been trying to prevent Canadian house
prices and consumer debts from rising too quickly — without causing a major
slump in the real
estate market that would hurt the economy.
Activity is expected to pick up again in areas hit by resource sector
price slumps, and this will also help diminish the regional differences that have defined Canadian real
estate for the last decade.
The
price ratio of the S&P 500 Real
Estate Investment Trusts REITS Industry Index to the S&P 500 Banks Index was over 4.0 in 2004 and has
slumped to 1.5, although it is off the low seen in 2012.1
Greater Toronto home
prices jumped in September as buyers appeared to put an end to a
slump that began in the spring with government measures to cool a scorching real -
estate market.
Doyle says Canada's increased reliance on real
estate fees can be blamed on years of ultra-low interest rates, worsened during the oil
price slump when the Bank of Canada cut rates even further.
The commercial property sector continues to struggle with
slumping demand, and April marks the fifth straight decline in the Moodys / Real
Estate Analytics LLC commercial property
price index.