According to the Brookfield RPS – Moody’s Analytics House Price Forecasts, the new mortgage lending regulations put in place by the Department of Finance in the fall have significantly slowed the near-term outlook for housing values.
Brookfield RPS has over 20 years of experience managing a network of appraisers across Canada and building the infrastructure and expertise in-house to provide a superior, end-to-end appraisal management process on behalf of lenders, mortgage insurers and mortgage brokers.
Brookfield RPS House Price Index
Leveraging our powerful data and proprietary analytics, Brookfield RPS has developed a House Price Index that provides the most robust national view of Canadian house price trends.
Brookfield RPS – Moody’s Analytics House Price Forecasts
The Brookfield RPS – Moody’s Analytics House Price Forecasts simulate the path of Canadian house prices under a range of economic conditions and scenarios, enabling clients to more accurately stress-test the impact of shocks and differing assumptions on their portfolios and better assess the risks and opportunities facing their business and investments.
In a recent interview with the Globe and Mail, Royal Bank of Canada CEO Dave McKay said he has grown increasingly concerned about Toronto’s housing market, where average detached-home prices have soared more than 26% in the past year, while condo prices have jumped more than 14.5%. He also said that to address the “dangerous mix” of factors that are fueling this overheated market, Vancouver-style measures may need to be considered.read more
Toll-free: (877) 658.8258
Toll-free: (844) 570.9813
39 Wynford Drive
Toronto, ON M3C 3K5