Real Estate Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Royal Bank 'closely monitoring' housing markets in Vancouver, Toronto: CEO

Notify me of new replies via email
Real Estate Professional | 24 Aug 2016, 04:46 PM Agree 0
Royal Bank CEO David McKay says the lender is "closely monitoring'' the real estate markets in Vancouver and Toronto, where home prices have been climbing at a breakneck pace
  • | 24 Aug 2016, 06:51 PM Agree 0
    The Housing Problem in these two centre is only a problem for home Buyer with limited down payment, I am sure home sellers are not complaining. When it was Buyers Market Home Sellers were losing equity with a falling house prices, very few banks or Governments came to the rescue. Every time the Government steps into the real estate market it gets temporarily and falsely corrected and consumers both Buyer and Seller get hurt. Let the free market trade work.
    Vancouver housing has basically been driven up by demand for housing and somewhere safe in the World for people in Canada and outside of Canada to put their money.
  • Denis P. | 25 Aug 2016, 07:48 AM Agree 0
    So comical is this! Lenders who by their policy have been a large part of the problem are now worried. Had they better lending practices with stricter lending policy, the market would not have peculated as much.
Post a reply