Latest Reuters poll on the Canadian housing market

  • August poll forecasted a rise of 3.0%
  • House prices forecasted to rise 2.6% in 2019
  • Toronto house prices forecasted to rise 2.0% in 2018 (vs 5.5% in Aug poll)

The respondents to the poll said that rising interest rates by the BOC poses the biggest risk to housing activity over the coming year.

The cooling down in house prices are expected due to tighter mortgage rules coming into effect, according to respondents.

In April, the Ontario government announced that they will impose a foreign buyers tax in order to cool demand.