Industry Lashes Out At CMHC’s ‘Panic-Inducing’ House Price Forecast

nationally this year, noted that other experts aren’t forecasting such large drops, with most forecasts calling for a short-term decline of 5 to 10 per cent.Capital Economics’ Brown forecast earlier this month that the Teranet house price index would fall 5 per cent, but wouldBut the CMHC’s forecast may have changed the situation, Brown argued.

“With the CMHC’s alarming forecasts covered by all the major news outlets this week, some Canadians have probably become far more concerned about prospects for the housing market.” That came even as Canadians’ confidence in other parts of the economy began to rebound. The overall consumer confidence index rose to 39.32 from around 37 four weeks earlier. However, that is still close to the worst level in records going back to 2008, worse than at any point during the financial crisis a decade ago.The Bloomberg/Nanos index of Canadian consumer confidence has been recording its lowest levels ever amid the COVID-19 pandemic.

Yes, much better to just bury our heads in the sand.

Ask this fuck his motivation for making this statement. When he tells you ‘prices are going down nows the time to buy’ it’s more money in CMHC fees. Are those going to go down? Get the picture?

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Boeing slashes 12,000 jobs as virus seizes travel industryBoeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
Herkunft: CTVNews - 🏆 1. / 99 Weiterlesen »

Peter MacKay pitches temporary elimination of GST for restaurants, tourism industry as part of economic recoveryErin O’Toole — the other frontrunner in the Conservative leadership race — is also set to introduce a plan later this week for Canada’s COVIS-19 recovery Peter Mackay is going to do what all Conservative leaders do - undo everything the Libs have done, and make promises w/ no actual plan or explanations. He will never be Prime Minister, and until the Conservatice Party starts caring for ALL canadians, they won't either. Or pay back the HST of 2019 to all restaurants and retailers Dose little Peter know a reduction in GST is shadowy way to increase deficits, & ultimately debt, right?
Herkunft: nationalpost - 🏆 10. / 80 Weiterlesen »