Economic and Real Estate Outlook from Annual Mortgage Broker’s conference.
On April 14, I attended the annual Independent Mortgage Brokers Association (IMBA) annual conference. We were fortunate to have Canada Mortgage and Housing Corporation’s (CMHC) Regional Economist, Ted Tsiakopoulos, share his outlook on the economy, real estate and interest rates.
Click here for the entire presentation. This is a summary of CMHC’s outlook:
- No evidence of housing bubble.
- housing market is stabilizing in Ontario.
- we won’t see the growth in prices as in years past.
- this outlook is still uncertain given all the global events, both political and economic.
- credit growth is slowing.
- Interest rates will rise as economy improves.
The good news is that there doesn’t seem to be a housing bubble. Interest rates will gradually return to normal. And we don’t seem to be taking on as much personal debt as the government and media has led up to believe in the recent months.
Interest rates, Mortgage Trends, Rate forecast, Uncategorized
Steve Garganis View All
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.
Wow, fast growing sales in the west In British Columbia but a big decline of sales in Ontario. I really don’t know if house price to income ratios are high. Thank you for sharing the presentation.
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Its highly informative. I would be visiting your blog hereafter regularly to gather valuable information.
Thank you for kind comments…