Recovery to accelerate, Bank of Canada says
Filed Under Main Content · Tagged: Affordability, Bank Canada, Bank Of Canada, Buying Spree, Carney, Confidence, Economists, Express, Globe And Mail, Housing Market, Investment, People, Recession, Resale Market, Rock Bottom, Vigorous Growth
The Globe and Mail- …The central bank also appeared to express confidence that the country’s hot housing market will even out before a bubble forms, as some economists have warned would happen if rock-bottom borrowing costs continue to help monthly sales smash records. In October, Mr. Carney attributed much of the buying spree in the resale market to people who had put off purchases during the recession, largely echoing that view Thursday.
“Following a period of vigorous growth, housing investment is projected to slow through 2010 as pent-up demand subsides and affordability declines,” the central bank said…
Recovery to accelerate, Bank of Canada says – The Globe and Mail
