Projected slowdown by chief economist

Benjiman Tal, deputy chief economist at CIBC, predicts a bit of a slowdown next year, with growth of only 4 per cent compared to 6 per cent of this year.

Tal said it’s “a reflection of a slowing housing market,” which is partially due to the maximum amortization of mortgages dropping from 30 years to 25, and because of “credit fatigue.”

The conversation with Rob Carrick from the Globe and Mail is interesting because even though Edmonton homes for sale have been generally positive, elsewhere things are slowing down at a faster pace.

At the end of the piece, Carrick said the slowing market is good news for buyers, because prices won’t be rising at such drastic paces. Click the link below and take a look at the video.

http://www.theglobeandmail.com/globe-investor/investment-ideas/lets-talk-investing/video-whats-ahead-for-canadas-housing-market/article4611942/

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