The Bank of Canada issued a statement today (attached) wherein they note:
- there is vulnerability related to household indebtedness
- housing price growth continues to outpace income growth
- over-valuation in the housing market remains a concern HOWEVER they expect "the imbalances in the housing market will ease as the economy improves."
Irene Owchar is a Mississauga Realtor: "I grew up in Missy, lovin' raising my kids and working in this beautiful City."
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