About Me

My photo
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!

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

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)