Activate your Online Access NowThe year-long winter may be coming to a close in Canada’s housing market, with many economists calling an end or near end to the correction that has seen, following a 1.5 per cent advance in February, the first back-to-back monthly gains since the correction began 12 months ago.“A complete lack of new listings is the big story now,” writes BMO senior economist Robert Kavcic.
Kavcic says in the past, housing downturns that have evolved from a price correction into a crash — like the housing crisis in the United States in 2008 or southern Ontario in the 1990s — have been driven by forced selling.Potential sellers don’t want to sell in a downmarket and this time they don’t have to, thanks to a strong job market and limited mortgage delinquencies.
LOL it hasn't even crashed yet
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