Markets bet on Bank of Canada hikes. One top economist isn’t buying it
He urged brokers to be straight with borrowers. “So if anything, you know, we have to be honest with clients, right? That, you know, yes, you got to be able to sleep at night, and they will have heard kind of some whiff about rate hikes by the Bank of Canada,” Burleton said.
On housing, Burleton said Ontario average prices have fallen more than 20% over a four-year correction.
“And I think we’re now beginning to see green shoots for recovery beginning to happen. So I think the bottom is here. And I think now we can look forward to the next phase,” he said.
TD forecasts national mortgage volume growth of 4% to 5%. Burleton described that pace as “moderate, sustainable, healthy.”
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