Over the medium term, transition uncertainty means that  assets exposed to the fossil-fuel sector, including those found in the pensions and retirement savings of many Canadians, are at risk of large and rapid repricing. We need better transparency about climate exposures by businesses and financial institutions. We also need clear transition plans by global policymakers.
Proposals currently focus on increasing taxation for those owning multiple residential properties, rather than on taxing properties only in situations where property value exceeds a certain threshold. If implemented, such fiscal policy measures, in combination to the intended changes in the borrower-based instruments, would have a powerful impact in cooling the currently heated housing market.