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Economics - Apr 23, 2018

How to read the slump in hot housing markets

April 23, 2018

BY SCOTIABANK PERSPECTIVES

Housing markets are slowing in parts of Canada.

In the latest Quarterly Outlook from Scotiabank Economics, the national housing price index is expected to moderate its growth from 14% in 2017 to 3% in 2018.

Chief Economist Jean-François Perrault explains that, on one level at least, this is good news.

Government policies are, so far, engineering a slowing of markets that appeared to be overheated - such as the red-hot demand for detached single family homes in Toronto.

The big question: are markets slowing too much?

“We don’t think so,” Perrault explains.

Watch the video for more, and find the full Quarterly Outlook here.