{"id":1507,"date":"2016-04-06T11:11:17","date_gmt":"2016-04-06T18:11:17","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1507"},"modified":"2016-04-06T10:38:59","modified_gmt":"2016-04-06T17:38:59","slug":"bmo-vancouver-toronto-home-prices-could-end-badly","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/04\/bmo-vancouver-toronto-home-prices-could-end-badly\/","title":{"rendered":"BMO : Vancouver, Toronto Home Prices Could &#8220;End Badly&#8221;"},"content":{"rendered":"<p style=\"text-align: justify;\">BMO Nesbitt Burns looks today at what it would take to halt the rapid advance of the Vancouver and Toronto housing markets.<\/p>\n<p style=\"text-align: justify;\">And of the five potential factors, senior economist Robert Kavcic sees not a single one on the horizon.<\/p>\n<p style=\"text-align: justify;\">\u201cOdds are that if this kind of price growth (especially Vancouver) continues, it will end badly &#8211; but that still looks to be sometime down the road,\u201d he said in a research note.<\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/homeprices.jpg\" rel=\"attachment wp-att-1508\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1508\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/homeprices-300x223.jpg\" alt=\"homeprices\" width=\"578\" height=\"430\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/homeprices-300x223.jpg 300w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/homeprices-768x570.jpg 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/homeprices-1024x760.jpg 1024w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/homeprices.jpg 2000w\" sizes=\"auto, (max-width: 578px) 100vw, 578px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Home prices in Vancouver and Toronto show no signs of slowing down, sparking concern about their frothy behaviour, though no Canadian economist is calling for a meltdown.<\/p>\n<p style=\"text-align: justify;\">Both the federal and BC governments have moved to deal with the run-up in mortgage debt with some measures, though nothing like past moves at the Ottawa level.<\/p>\n<p style=\"text-align: justify;\">In the wake of new statistics this week from real estate boards in Vancouver and Toronto, Mr. Kavcic says BMO has been asked what it would take to slow down those price gains. His answers :<\/p>\n<p style=\"text-align: justify;\">A slowing economy or rising unemployment: \u201cNot likely anytime soon, with growth in BC and Ontario leading the country.\u201d<\/p>\n<p style=\"text-align: justify;\">A jump in interest rates: \u201cUmm, no.\u201d<\/p>\n<p style=\"text-align: justify;\">More detached homes for sale: \u201cCondo supply is coming to market in these cities, but detached supply &#8230; is drum tight and not changing.\u201d<\/p>\n<p style=\"text-align: justify;\">Affordability: \u201cThe concern is that rising prices don\u2019t slow activity, but rather beget even higher prices. The Vancouver condo market might be heading down this road now.\u201d<\/p>\n<p style=\"text-align: justify;\">Government measures: \u201cThat\u2019s a no. At least not the variety (i.e., marginal changes to down payment requirements) most recently introduced by Ottawa.\u201d<\/p>\n<p><a href=\"http:\/\/www.theglobeandmail.com\/real-estate\/the-market\/vancouver-toronto-home-prices-could-end-badly-bmo-says\/article29537176\/\" target=\"_blank\">BMO : Vancouver, Toronto Home Prices Could &#8220;End Badly&#8221;<\/a> by Michael Babad | The Globe and Mail<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BMO Nesbitt Burns looks today at what it would take to halt the rapid advance of the Vancouver and Toronto housing markets. And of the five potential factors, senior economist &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/04\/bmo-vancouver-toronto-home-prices-could-end-badly\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1507","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BMO : Vancouver, Toronto Home Prices Could &quot;End Badly&quot; &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/04\/bmo-vancouver-toronto-home-prices-could-end-badly\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BMO : Vancouver, Toronto Home Prices Could &quot;End Badly&quot; &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"BMO Nesbitt Burns looks today at what it would take to halt the rapid advance of the Vancouver and Toronto housing markets. 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