​Falling house prices would be good for the economy says RBC chief

​Falling house prices would be good for the economy says RBC chief

​Falling house prices would be good for the economy says RBC chief The chief executive of the Royal Bank of Canada says that house prices could fall by 15 per cent when interest rates rise which would benefit the economy. David McKay says he doesn’t think the scenario will end badly and believes that a correction in house prices would be “healthy” for the economy.