Bank of Canada Does Not See A Housing Bubble

The Bank of Canada official David Wolf was recently quoted as saying "Recent house price increases do not appear to be out of line with the underlying supply/demand fundamentals. We see the housing market requiring vigilance, not alarm."

There has been some concern that the low rates have been creating bidding wars and driving up the price of homes. In addition, the low mortgage rates might be enticing Canadians to purchase a bigger house than they can afford. However, the recent remarks seem to indicate that bank officials think that the current housing market is hot because of supply and demand factors.

You can read the entire article here: Housing bubble talk is premature

Culture Realty Solutions Inc.
1-877-277-0190