{"id":8648,"date":"2021-04-06T17:36:49","date_gmt":"2021-04-07T00:36:49","guid":{"rendered":"https:\/\/www.stevesaretsky.com\/?post_type=saretsky-reports&#038;p=8648"},"modified":"2022-11-24T00:45:08","modified_gmt":"2022-11-24T08:45:08","slug":"the-saretsky-report-april-2021","status":"publish","type":"post","link":"https:\/\/www.stevesaretsky.com\/2021\/04\/saretsky-report\/the-saretsky-report-april-2021\/","title":{"rendered":"The Saretsky Report. April 2021"},"content":{"rendered":"<p>We have discussed in past reports the ongoing strength in the Canadian housing markets being largely attributed to excess liquidity and credit creation that was manufactured out of Ottawa. Commercial bank credit creation is running hot, thanks to Federal Government Guaranteed loans that have simultaneously been supported by the Bank of Canada\u2019s Quantitative Easing Program. If this all sounds confusing, let me simplify. Essentially, banks are being asked to create new loans, with the full support of the government and the central bank. This has spurred new money creation, with the money supply in Canada growing by 19% year-overyear as of February. And so, it should hardly come as a surprise that national home prices, as measured by the Canadian Real Estate Associations home price index, is now up 20%. It appears policy makers might have overstimulated and they are now trying to reign in some of that generous support. In April we saw policy response from OSFI (the banking regulator),<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have discussed in past reports the ongoing strength in the Canadian housing markets being largely attributed to excess liquidity and credit creation that was manufactured out of Ottawa. Commercial bank credit creation is running hot, thanks to Federal Government Guaranteed loans that have simultaneously been supported by the Bank of Canada\u2019s Quantitative Easing Program. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[164],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Saretsky Report. 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I have a passion for Real Estate, creating a business, and connecting with people. I build my Real Estate business on human relationships not leads and numbers. I believe in advising my clients on making the best real estate decisions not on closing another commission cheque. My goal is to help people build wealth through real estate.\",\"sameAs\":[\"http:\/\/www.buyvancouvercondos.ca\",\"https:\/\/www.facebook.com\/saretsky91\",\"https:\/\/twitter.com\/https:\/\/twitter.com\/SteveSaretsky\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Saretsky Report. April 2021 - Steve Saretsky","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.stevesaretsky.com\/2021\/04\/saretsky-report\/the-saretsky-report-april-2021\/","og_locale":"en_US","og_type":"article","og_title":"The Saretsky Report. 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