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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, June 15, 2019

Cooling housing market is good news for the financial system

Moderation of home price growth has reduced the risk that Canada’s financial system would suffer a severe shock.

Fitch Ratings says that banks are still vulnerable to a significant housing price correction, especially in Toronto and Vancouver; but that recent data suggests a softening of markets rather than a slump.

The banks do remain materially exposed to highly leveraged households though which are vulnerable to weakening economic conditions.

While noting that the measures introduced at federal and provincial levels to cool markets, Fitch says that it still considers home prices in Greater Toronto and Greater Vancouver to be overvalued.


MBN

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