Canada’s monetary policy is too loose, and tightening is the simplest way to correct it. That’s the gist of the latest research note from the Bank of Montreal (BMO). Senior economist Robert Kavcic notes the current market is more frenzied than anything else in Canadian history. He sees Ottawa using a rate hike to cool it, which will help reduce demand. By reducing demand, he sees the market froth easing.
Canadian Home Prices Are Accelerating At A Rapid Rate
Today’s Canadian Real Estate Association (CREA) data shows soaring home prices. As stated earlier, the price of a typical home is now 26.6% higher than last year. It’s hard to believe, but recent growth has been even faster than usual. According to the bank, the 1, 3, and 6-month annualized…
93 Views, 0 Comments