Real Estate In Red Deer & Area
Real Estate in Red Deer, Jon & Denise Nichols Real Estate in Red Deer, Jon & Denise Nichols

Bank CEOs see low rates, high savings driving steady demand in housing markets

Rbc0224

The Royal Bank of Canada expects residential real estate demand to remain steady in the coming months, its chief executive said Wednesday, as rock-bottom interest rates and other factors continue to drive a market in which some policymakers are already seeing signs of froth.

“While rising permit issuance is building up the new construction pipeline, we expect a lack of supply, low interest rates, elevated savings rates, continuing work-from-home arrangements and the potential resumption of immigration to underpin continued demand,” RBC president and CEO Dave McKay said during a conference call for analysts and investors, noting Canadian housing activity “remains elevated.”

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Jon Nichols

Jon Nichols
Century 21 Advantage
Phone: 403.302.0800
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Denise Nichols

Denise Nichols
Century 21 Advantage
Phone: 403.302.9498
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Jez Nichols

Jez Nichols
Century 21 Advantage
Phone: 403.392.7002
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