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GTA, Ontario, Canada
Experienced Realtor (2012, 2013, 2014 And 2015 Recipient Of The Prestigious RE/MAX PLATINUM CLUB AWARD For Sales Greater Than 10 Million Annually) in Durham Region And The GTA, #1 Team 2014 & 2015 Whitby Office. "THE JACKIE GOODLET TEAM" has extensive knowledge which includes selling resale homes, new build homes & condo's since 1989. With over 25 years experience and exceptional negotiating skills we are confident we can save you time and money on all your real estate endeavours. We look forward to hearing from you soon!

Saturday, August 12, 2017

Investors wary of Canada’s housing market’s impact on banks

Concern over the exposure of Canada’s banks to the housing market is prompting some investors to switch their funds to insurance companies instead.

Reuters reports that banking stocks are becoming less favourable for investors who have weighed the recent slowdown in the housing market in Toronto.

"Once Toronto started getting hit I think the housing fears became much more front-of-mind for a lot of people,” Ian Scott, equity analyst at Manulife Asset Management told Reuters.

Along with tighter lending criteria, rising interest rates and measures to slow heated Canadian housing markets, investors have also been concerned about the banking sector following the Home Capital Group issues.

MBN

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