Canadian Housing Market Indicators: Q3 2019
Residential mortgage growth began accelerating at the end of Q1 2019 and continued through Q3 2019, increasing to 4.5% annually as of October 2019, almost 100 basis points (bps) above the previous year.Federal and provincial governments have implemented several macroprudential policies addressing high real estate prices, housing affordability, and taxpayer exposure to the housing market since 2016. Changes were also aimed at promoting a competitive and stable housing market.
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