Canadians are now so used to large home price gains, that frothy returns just look normal. BMO senior economist Douglas Porter gave a little perspective, by looking across Lake Erie. In Cleveland, home prices are rising rapidly and beginning to look a little frothy for the market. On the Canadian side, prices in St. Thomas […]
Canadians shopping for homes should make sure they really want that home — especially in cottage country. BMO senior economist Robert Kavcic sees the market cresting soon. In a research note to clients, he sees a few upbeat economic indicators, which may dump cold water on stimmy. People may debate whether or not big cities […]
Canadian real estate buyers may get a little psychological shock later this week. The Bank of Canada (BoC) will update the public on monetary policy next Wednesday. Three Big Six banks said they expect the central bank to discuss higher rates. Two of those, expect a discussion on rate hikes happening earlier than stated. All […]
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 […]
20 Elm Avenue, a.k.a. Mrs. Mary Davies House, is a Richardsonian Romanesque house completed in 1898. It’s listed for sale at $11.7M.
