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Updated June 18th, 2019
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Canadian housing market will be back in growth mode ‘later this year’'

May 8th, 2019 ~ Livabl.com

The governor of the Bank of Canada suggests it won’t be long before the country’s housing market has bounced back and starts growing once again.

“As markets stabilize in Toronto and Vancouver, the Canadian housing sector should return to growth overall later this year,” Stephen Poloz, governor of the Bank of Canada, said in a speech to the Canadian Credit Union Association and Winnipeg Chamber of Commerce on Monday.

Poloz notes that, on a national level, housing is propped up by fundamentals — such as an increasing population and a healthy, strong labour market — at a time of cheap credit, by historical standards.

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