Canadian Real Estate Magazine: TD, RE/MAX advise against gov’t intervention into market

The CEO of TD Bank says too many factors are driving accelerated gains in Canada’s housing market and that urging policymakers to intervene might be unwise. Bharat Masrani also says that the massive increases are related to the COVID-19 pandemic and that, once the crisis concludes, the rapid valuation increases we’ve seen for the last 10 months should slow down. In addition to buyers purchasing bigger abodes and taking advantage of both work-from-home policies and low interest rates, Masrani says TD is comfortable underwriting mortgages in the current climate.   READ MORE...