This advertisement has not loaded yet, but your article continues below.Conservative MP Daniel Albas, representing Central Okanagan-Similkameen-Nicola in B.C., pressed Macklem further on the QE question, asking what specifically contributed to the sudden run-up in the price of an average home and if easing added “fuel to the fire” for housing costs.
“The housing market is very elevated, and we cannot continue to see the kind of increases in housing prices or the kind of growth rate we’ve seen in housing,” Macklem said, adding that many indebted households have stretched their budgets to get into the market even before the pandemic.and that contributed to the strength of the housing market,” he said.Article content
Macklem also offered a projection on housing prices after he was pre-empted by Conservative MP Adam Chambers, representing the Ontario riding of Simcoe North. Chambers asked Macklem if he shared the same opinion as Peter Routledge, head of the Office of the Superintendent of Financial Institutions, who warned that house prices could plunge as much as 20 per cent as interest rates rise during an interview with The Herle Burly podcast in February.
fordnation please Reform/FIX Tarion (SCAM) as it is screwing HomeOwners to favor and keep Ontario HomeBuilders Happy Tarion_ON fordnation CBCNews CP24 CTVNews OntarioPCParty RossRomanoSSM AndreaHorwath onpoli OntarioAuditor ON_Integrity
I'll crack the jokes mate.