Bank Of Canada Is Quietly Updating Forecast Models To Include Debt And Real Estate

Author: External Author | | Categories: Home Purchase Mortgage , Mortgage Broker

 Blog by Cody Rowe - Mortgage Broker

Remember that time the head of Canada’s central bank said the housing bubble was good for the economy? Soak it up, because that may be the last time it ever happens. The Bank of Canada (BoC) finished its technical report on the Terms-of-Trade Economic Model (ToTEM). The model, which is used by the BoC as their primary forecasting tool, has now entered its third update in 15 years.

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Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Stephen Punwasi

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Link to Original Article:  https://betterdwelling.com/bank-of-canada-is-quietly-updating-forecast-models-to-include-debt-and-real-estate



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