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More Poloz: New measures of housing are pretty much guaranteed to work

Speaking in Ottawa

  • effects of housing measures are targeted at pockets where vulnerabilities are highest
  • will be primarily watching quality of a loan to value statistics. They should show right away a shift in behavior
  • prices are a separate issue from potential for housing imbalances
  • if you have strong demand in places like Toronto and Vancouver and supply constraints there will be upward pressure on prices
  • how much recent rise in prices is due to self reinforcing expectations is what we can't put our finger on

Poloz was also asked about the Fed hike:

  • certainly is pleasing to see growing confidence in US economic outlook
  • how far bond yields rises question that remains has been orderly so far
  • BOC ffactored in a rate hike in its view

BOC Wilkens chimes in as well:

  • if house prices were to fall quickly might have implications for growth
  • one of the major things that's different from pre-crisis is securitize markets are a lot smaller now

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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