A poll of analysts by Reuters warns that growing supply of housing coupled with rising household debt could derail Canada’s economic growth. With sales slowing in many areas while household budgets are stretched by borrowing the experts believe that the days of the housing market providing a boost to the overall economy are ending. “We have relied on housing and housing investments to carry growth through most of the post-recession period and it’s time for the housing market to put its feet up and take rest,” David Watt, chief economist with HSBC Bank Canada told The Globe and Mail. The Reuters’ poll called for 2 per cent growth in house prices in 2016 followed by 1.7 per cent in 2017. A third of analysts predict a correction by 2017.
MBN
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With 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 And Your Referrals Are Always Welcome And Rewarded!
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