Global retailers reached the peak of the COVID-19 index when the housing index was already in place, with demand supported by junk and expensive loans.
OTTAWA: The Bank of Canada said Wednesday that it fears the possibility of rising housing prices and loans leaving families and financial institutions vulnerable to an economic downturn.
Global retailers have reached the peak of the COVID-19 index when the housing index is already in place, with demand supported by rubbish and expensive loans.
The central bank says that despite the increase in demand in the real estate market, historical data shows that people can begin to think about the real estate market.
“This can pose a lot of risks. Higher prices can be borrowed and borrowed, putting some families and financial institutions at risk of financial collapse,” the bank said in its quarterly report. Financial policy.
The Ternate-National Bank Composite Index for March was 10.8% year-on-year, with 81% of 35 markets generating annual gains of more than 10%. This surpassed the last high of 2017.
Bank of Canada Governor Tiff Macklem told reporters that people are “not fit” to see housing as an investment opportunity because they think prices will go up completely.
While looking for an office, Finance Minister Chrystia Freeland did not announce the main building requirements in her budget on Monday. He has promised a new 1% tax on unidentified or unfamiliar non -Canadian buildings.
Macklem says it “reduces forecasts” and encourages landlords to rent.
He also praised the Canadian finance minister for considering tightening debt audits.
The bank says the disease has attracted many single-family homes and apartments in urban and rural areas. While such assistance may not meet immediate demand growth, many licenses have been granted.