It’s been on a pronounced cooldown for much of the year – and the Canadian housing market is now close to entering “bear” territory, according to a leading bank economist.
Doug Porter, chief economist at Bank of Montreal (BMO), indicated in a research note that aggressive moves by central banks had contributed to a rise in the inventory of unsold homes in Canada, a clear sign that the market is returning to its calmer pre-pandemic state.# SANDI HALPERN # REAL ESTATE # SOLD
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