Mortgage Rates & Mortgage Broker News in Canada |
| RBC Says Policy Response Needed to Tackle Soaring House Prices Posted: 25 Mar 2021 12:04 AM PDT Watching Canada’s national average home price rise resiliently throughout the pandemic has been reassuring for many over the past year. But as prices continue to increase unabated, it’s now starting to illicit concern. RBC Economics became the latest to sound the alarm over the “national concern” that rapidly rising house prices are posing. In a report published on Wednesday, it called for a policy-makers to act to constrain prices that are “headed for the stratosphere.” “Overheated markets threaten to destabilize […]  |
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