Poloz Q&A

  • It takes six to eight quarters for the full impact of rate hikes to work through economy
  • No surprised by resiliency of Toronto housing market, the demand side is very strong
  • With demand strong and supply constrained, you have ingredients for higher home prices

The market is pricing in a 12% chance of a hike on Dec 6 and that rises to 50% by March but it sounds to me like the BOC wants to wait and see.