Heddle Real Estate - Royal LePage State Realty Brokerage

By Mike Heddle
Posted Monday, Apr 12, 2021 11:35 am

Three ways Ottawa could cool the housing market in the federal budget

As Canada’s home prices reach the stratosphere, calls on the government to bring the housing market back to Earth — possibly with a soft landing — are growing increasingly urgent.

Some of Canada’s big banks have recently joined the chorus.

“Overheated markets threaten to destabilize the economy down the road if or when a correction occurs, with possible heavy costs for governments,” Robert Hogue at RBC Economics has warned in a note to clients.

Policymakers should act “immediately” to address soaring property valuations before “the market is left exposed to more severe consequences,” BMO senior economist Robert Kavcic echoed in a similar report.

The average price of a home in Canada has climbed an eye-watering 25 per cent to a record ...[MORE]

Shared by the Heddle Real Estate team

Heddle Real Estate is an award-winning real estate team serving Hamilton, Ancaster, Stoney Creek, and the greater Niagara region with trusted expertise and a client-first approach.