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Home > Stephanomics > You Just Missed Your Chance to Get Rich on Toronto Real Estate
Podcast: Stephanomics
Episode:

You Just Missed Your Chance to Get Rich on Toronto Real Estate
Category: Business
Duration: 00:19:04
Publish Date: 2017-07-13 10:00:00
Description:

Home prices in Canada's largest city have been on a tear. But the party could be on the verge of ending, at least temporarily. The Bank of Canada's decision this week to raise interest rates -- the first hike in seven years -- makes mortgages more expensive. A string of government tightening measures and a liquidity crunch at a Toronto mortgage lender are adding to concerns a price correction is around the corner. This week on Benchmark, Dan, Chris Fournier and Katia Dmitrieva speak to Phil Soper, chief executive officer at Royal LePage, a unit of Brookfield Real Estate Services, about what the latest developments mean for Toronto housing.  

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