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.
According to Paul Matsiras of Moody’s Analytics, a rate hike might be close. Although the Bank of Canada is not under immediate pressure to raise interest rates, with the U.S. Federal Reserve on track for several rate hikes this year, the BoC will be forced to start hiking soon. As a result, Moody’s Analytics expects the BoC will increase rates twice this year such that the overnight rate hits 1% by the end of 2017.read more
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