New Rules May Slow Down “Non-High-End Market”

Another look at the measures being put into place in February. As Chris Catliff, CEO of BlueShore Financial Credit Union, said, “It won’t cool a hot market but it will keep it from boiling over.” The new rules are targeted mostly to the hot markets in Vancouver and Toronto, where house prices regularly exceed $500,000, which I […] The post New Rules May Slow Down “Non-High-End Market” appeared first on Andy Schildhorn, PREC.

Another look at the measures being put into place in February. As Chris Catliff, CEO of BlueShore Financial Credit Union, said, “It won’t cool a hot market but it will keep it from boiling over.” The new rules are targeted mostly to the hot markets in Vancouver and Toronto, where house prices regularly exceed $500,000, which I suspect will cause a flurry of activity before the deadline hits.

For more on the story:  https://www.biv.com/article/2015/12/dont-expect-vancouver-home-prices-cool-any-time-so/

The post New Rules May Slow Down “Non-High-End Market” appeared first on Andy Schildhorn, PREC.