Quote:
Originally Posted by blankall
I fully support the stress test, as it's simply just forcing people to take precautions they should take anyways. The stress test is, in my opinion, not the reason for the market cooling either., nor even a major contributor. Vancouver and Toronto are cooling due to decreased foreign capital inflow. Calgary is cooling due to low oil prices.
|
I agree with the first half of this.
The issue with the “cooling” due to decrease foreign capital inflow, is that foreign capital inflated prices to begin with. They shouldn’t have been driven up to the level they’re currently at. This is the problem.