Posted on 12-Aug-2018

Andrew Do, Realtor

Canada's Sudden Population 'Boomlet' Is Boosting Housing: BMO

Many Canadian homebuyers are sitting on the sidelines these days, wondering if the slowdown in home sales this year is a sign of lower prices ahead.

Don't bet on it, is the message coming from Bank of Montreal economists. Canada's population growth has accelerated, and that means upward pressure on the housing market, and potentially higher-than-expected interest rates as well
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