home prices reach the stratosphere, calls on the government to bring the housing market back to Earth — possibly with a soft landing — are growing increasingly urgent.Some of Canada’s big banks have recently joined the chorus.“Overheated markets threaten to destabilize the economy down the road if or when a correction occurs, with possible heavy costs for governments,” Robert Hogue at RBC Economics has warned in a note to clients.
What you can buy in housing markets across Canada for $500K, $1M and $1.5M Policymakers should act “immediately” to address soaring property valuations before “the market is left exposed to more severe consequences,” BMO senior economist Robert Kavcic echoed in a similar report.The average price of a home in.