(Source: National Post)

The possibility exists that the Bank of Canada may have to break its conditional pledge on interest rates should the housing market continue its red-hot performance, economists at Toronto-Dominion Bank said Tuesday.

“The Bank of Canada will likely be watching developments in Canadian real estate quite closely,” say economists Craig Alexander and Grant Bishop. “If surging existing home sales do not cool, the bank may be inclined to respond.”

Read Paul Vieira’s full article “Hot housing market could trigger rate hikes: TD” in the National Post (October 6, 2009).

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