A government experiment in intervention: Views of the current real estate market

Notwithstanding the fact that housing resales numbers are an illustrative measure of market supply and demand, it’s not growth in resales that has the government so afraid. The scary statistic they’re face to face with is home price growth. And failing to recognize the significance of unsubstantiated price growth – spurred on by ultra-low interest rates and heightened speculation…

The economy in general: A Bank of Canada perspective

Growth in exports, if true, are likely to soften the impact of forecast declines in household spending (aka consumption) due to increased household debt-service costs. Calling into question the probability of increased US exports, however, the BOC report also cites NAFTA renegotiations, or “protectionist global trade policies”, as the “most important risk…