Oct
05
In Housing-Dependent Canada, New Cooling Measures Send Shivers
By-
Mortgage stocks slump; bank earnings, growth forecast lower
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‘The feds clearly wanted to puncture the housing market’
For almost a decade Canada’s housing market has withstood just about anything that government officials have thrown at it in an attempt to restrain breakneck growth. Measures introduced by Prime Minister Justin Trudeau’s federal government on Monday may finally bring it to heel, analysts and economists say.
The fallout from the surprise announcement continued to build on Wednesday as shares of housing stocks tumbled anew, analysts forecast a hit to bank earnings and to an economy that has generated most of its meager growth from housing in recent years…
In Housing-Dependent Canada, New Cooling Measures Send Shivers
