One of the country’s top economists is calling bullsh*t on the supply-price narrative. BMO chief economist Douglas Porter sent a client note disputing an inventory shortage. He thinks it’s important to “crush” two myths about Greater Toronto’s blowout home sales in March. Let’s dive into that take. Myth 1: Last March Sales Were Distorted By […]
Lack of Supply Driving Canadian Real Estate Prices Higher? “Puhleeze”, Says BMO
