May 7, 2019

Stephen Poloz: "the Canadian housing market remains solid"

The fundamentals of the Canadian housing market remain solid, and growth will resume once the effects of reduced expectations for house price inflation and the new mortgage guidelines have been absorbed... I can see how longer-term mortgages can contribute to a safer financial system and more stable economy.

~ Stephen Poloz, Bank of Canada Governor, May 6, 2019, speech in Winnipeg

No comments: