Market Analysts: Home Prices

market analysts: Earlier this month, the banking regulator issued an open letter pointing to record levels of household borrowing and saying it felt the risks and vulnerabilities for financial institutions have increased, according to Globe and Mail. Everything you need to know about real estate reform in B.C. Market analysts for the Crown corporation said they found signs that prices are starting to climb for traditionally more affordable condos and townhouses in addition to single-family homes. This week, the Office of the Superintendent of Financial Services said it would require lenders to stress-test their mortgage portfolios to ensure they could withstand a drop in home prices of 50 per cent in Vancouver and 40 per cent in Toronto. They said the pace of growth in home prices has started to pick up outside the Greater Toronto and Vancouver areas, with demand spreading to other regions of British Columbia and Ontario. What we're also detecting now is a spreading of those price pressures to neighbouring communities, said Bob Dugan, CMHC chief economist. It offered new warnings about strong price gains in Hamilton, west of Toronto. (www.immigrantscanada.com). As reported in the news.