Real Estate – Canada – March 2017Paul Young CPA, CGAApril 10, 2017

Agenda

• Housing Starts

• Average Housing Price

• Housing reforms / Ontario

• Affordability

Housing Starts

Source – BMO Economics – April 10, 2017

Housing Starts

Source – BMO Economics – April 10, 2017

Average – Housing Prices

Ontario – New Rules – Changes?

• The Chronicle – April 10, 2017

Housing Affordability

Source – RBC – March 17, 2017

Issues facing real estate in Canada

Bank of Canada statement is not totally correct and here is why: All these new rules did was reduce young people from entering the market. However, the new rules

have not cooled the market - http://www.cbc.ca/news/canada/toronto/mortgage-rule-changes-no-effect-on-sales-prices-1.3879408

The new rules did not deal with systemic issues as many issues are driven by provincial government, municipal government, private sector and Real Estate association. http://www.slideshare.net/paulyoungcga/real-estate-trends-and-analysis-canada-october-2016