No Canadian housing bubble: Bank of Canada deputy governor
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Canada Vancouver, Deputy Governor, Federal Government, Financial Times, Global Business Leaders, Government Canada, Government Of Canada, Home Buyers, Hot, Housing Bubble, Housing Market, Low Interest Rates, New Mortgage, Panel Discussion, Paul Jenkins, Vancouver Sun
Vancouver Sun- The Canadian housing market is strong, but it is not experiencing a bubble, Paul Jenkins, senior deputy governor of the Bank of Canada, said Monday.
The federal government said last week it will bring in new mortgage rules to cool the housing sector and prevent home buyers, tempted by record low interest rates, from overextending themselves.
At the same time, it said there was no housing bubble, a point echoed on Monday by Jenkins, who was speaking at a panel discussion at the Government of Canada and Financial Times Global Business Leaders Day in Vancouver, where the housing market is especially hot…
