Chief investment officer outlines the economic indicators to watch and provides portfolio suggestions for advisors
The downturn may include a 10% drop in house prices
Home prices expected to eventually drop, with overheated Ontario and B.C. markets falling most
Many current homeowners also feel financial pressure, Canada Life survey suggests
Housing starts in the province rebounded to 2015 levels in May, finds Statistics Canada
The expected amount to pay for a house increased by $100K since last year, a BMO survey says
Advisors are still relatively positive about the tax-free first home savings account, despite not being able to use it alongside the Home Buyers’ Plan
These initiatives can help clients enter the housing market
Housing costs are a growing worry, BMO index finds
The tax is part of the federal government's plan to crack down on rising home prices