Canada’s housing market will cool, not collapse: economist

Bank of Canada Governor Tiff Macklem is warning that a correction in housing prices could be coming soon, but the chief economist and strategist of The Desjardins Group says Canada's housing market is expected to cool, not collapse.

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[tyt]

They always say it won't collapse right before it collapses

[anmalyk]

Expecting 1.3 million new comer immigrants but we're already in a housing crisis and there's no urgency from government to build more housing. This is going to get much, much worse. These suits are idiots.

[clairerobin]

A paid mouth-piece is saying it "ain't gonna be so bad."

[jlm]

Gas $2.25 a litre, groceries 25% more, and your yet to adjust to this prime interest hike. On mortgage renewal your payment of $3000 will become $3500 or more 🤕

[JJs_playground]

Remember when the, expert, Jerome Powell said, 'inflation is transitory". Now he's backtracked on that statement and raised interest rates to combat inflation. I feel this guy is going to to have to do the same thing. Backtrack on all his statements.
*I don't believe the experts anymore.*

[toddmaggio]

So you mean it's not going to be a recession, just a special financial operation?

[rickmars]

From under which barrel do you guys get your "experts"?

[timmanto]

Of he says it will calm they are trying not to have a market panic resulting in a collapse.

[misfitbrothers]

Most of the country claiming its $200 away from financial collapse, have maxed themselves on lines of credit and homes they could not afford, and some of them will face 50% higher payments within 18-24 months when 37% of the country renews. This will be a “soft” landing?! These guys aren’t looking at the right numbers. This will end in disaster, bankruptcy, and all the horrendous socioeconomic issues that come with that.

[kylegallant]

Housing shortage in Canada, lieberal solution, bring in record number of immigrants to Canada this year, makes sense to me

[lebaneezer]

Economist's and weathermen. 🤦🏽‍♂️

[richboy]

When your mortgage goes up by 30%-45%, which is somewhere between $1000 and $1800 per month, of course it will be a manageable retranchment. I believe this guy!

[JulianneLove]

Hahaha 🤣 sure since NOTHING changed in the financial system since the collapse in 2008, we are on borrowed manipulated time.

[bushy]

I know many younger couples (late 20's early 30's) who will never be able to afford a house.
Imo, that is a crash waiting to happen.

[ashiok]

Imagine trusting experts at this point, lol.

[ivanandreevich]

Yeah yeah, and the inflation was supposed to be "transitory". Shall we say: it will be a "transitory" cooling 😂

[MasiukA]

We are going to see a major deflation, and possibly a hyperinflation following.

[dougler]

Something about this guy is completely untrustworthy, not sure what it is.

[dummyaccount]

Keep praying. I'm ready to buy ur dirt cheap house.

[JustpissTrudeau]

Stop letting in Economic migrants in a year we are full .