No Canadian housing bubble: Bank of Canada deputy governor

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…

No Canadian housing bubble: Bank of Canada deputy governor

Bank of Canada won’t raise rates to cool housing

The Globe and Mail- The Bank of Canada won’t raise interest rates to cool the country’s hot housing market, a spokesman said Monday, preferring to leave any tinkering to the country’s Finance Minister.

“Some observers – those who see a housing bubble forming – have said that since low interest rates have stimulated housing market activity, the Bank should now raise interest rates to dampen that activity…”

Bank of Canada won’t raise rates to cool housing – The Globe and Mail

Hot housing market could trigger rate hikes: TD

Financial Post-  Canadian housing sales have surged in recent months with a rush of homebuyers lured by attractive mortgage rates, leading to a rebound in resale home prices. The Canadian Real Estate Association estimate of national homes sales was up 18.5% year-over-year in August, and national average home prices had increased 11.3% year-over-year…

Hot housing market could trigger rate hikes: TD