You Just Missed Your Chance to Get Rich on Toronto Real Estate

Stephanomics

• Episode: You Just Missed Your Chance to Get Rich on Toronto Real Estate
• Website: Stephanomics
• Feed URL: http://feeds.bloomberg.fm/BLM8939407484
• Duration: 00:19:04
• Published: 2017-07-13 12:00

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.   Learn more about your ad-choices at https://www.iheartpodcastnetwork.com