Could Vancouver’s tactics to cool housing market work in Toronto?

Could Vancouver's tactics to cool housing market work in Toronto?
Globe editorial: How to pop Toronto's housing bubble, without blowing up the economy
New Toronto Real Estate Board (TREB) statistics showing that the average Toronto area home price increased 33 per cent year-over-year in March adds pressure on politicians to respond to concerns about the growing affordability problem in the country's 

Royal Bank's CEO said he's "increasingly concerned" about the Toronto and Vancouver housing markets and would welcome government intervention in the problem. RBC chief executive Dave McKay attributed the rapid increase in housing prices in the two. In Canada's former hottest housing market, housing affordability improved slightly in 2016's last quarter but it remains incredibly challenging for first-time buyers in Vancouver to enter the market. Despite the city still having the most expensive …
Globe editorial: How to pop Toronto's housing bubble, without blowing up the economy
Globe editorial: How to pop Toronto's housing bubble, without blowing up the economy

Some experts say that new taxes in Vancouver only pressed pause on a housing market that has excluded ordinary families. Vancouver home sales dropped in January by almost 40 per cent compared to January 2016. But one expert says that with listings

Royal Bank's top executive says he's “increasingly concerned” about the Toronto and Vancouver housing markets and would welcome government interventions. RBC chief executive Dave McKay says the rapid increase in housing prices in the two cities is

Royal Bank CEO said a single solution to Toronto and Vancouver's real estate market situation is unlikely to be unsuccessful. (Frank Gunn / The Canadian Press). By Alexandra Posadzki Thu., April 6, 2017. The top executive of Canada's

Royal Bank CEO 'increasingly concerned' about Toronto, Vancouver housing markets

National Post / Peter J. ThompsonRBC President and CEO Dave Mckay speaks to shareholders at the companies annual shareholders meeting on April 6, 2017. Twitter · Google+ · LinkedIn · Email · Typo? More. Comments · Tumblr · Pinterest · Reddit · Digg
Should Investors Run from Canadian Bank Stocks?
Should Investors Run from Canadian Bank Stocks?
An important economic data related to financial stability (revealed earlier this week) should be taken into account, before betting on Canadian bank stocks. The housing bubble in Toronto is becoming a major cause of concern for banks and policy makers …

TORONTO — Chief executives at two of Canada's biggest banks highlighted their efforts to listen to client and employee feedback in the wake of news reports that alleged some employees at financial institutions broke the law in order to meet sales targets.

(Adds country name to headline, adds byline.) TORONTO, April 6 (Reuters) – Royal Bank of Canada's Chief Executive Dave McKay warned on Thursday that overheating housing markets could inhibit Canada's economic growth, and urged the federal and

There is no shortage of ideas to curb runaway house-price increases in the Greater Toronto Area, but governments at all levels have been moving slowly as they review proposals that veer in many different directions, and even conflict in their advice. . Royal Bank president David McKay speaks at the Royal Bank of Canada annual meeting in Toronto on Thursday, April 6, 2017. THE CANADIAN PRESS/Frank Gunn. Thursday, April 6th, 2017. News · Facebook · Twitter · Reddit Share. . TORONTO, April 6 (Reuters) – Royal Bank of Canada's Chief Executive Dave McKay on Thursday warned overheating housing markets could inhibit Canada's economic growth and urged the federal and provincial governments to work together to address the

TORONTO (Reuters) – Royal Bank of Canada RY.TO Chief Executive Officer Dave McKay warned on Thursday that overheating housing markets could inhibit Canada's economic growth, and he urged the federal and provincial governments to work together. The chief executive of Canada's most valuable company is sounding the alarm on runaway house prices in Toronto and Vancouver. “I'm increasingly concerned by the unhealthy combination of factors that have driven the market to the current point of strain …

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