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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
BMO economist Robert Kavcic presents one chart showing the sheer absurdity of the recent jump in home prices,
“If it’s not fully apparent to all parties that the Canadian housing market is boiling, this picture might convey the message… Note the acceleration. That is, the 1-month change is faster than 3-month; which is faster than the 6-month; which is faster than the 12-month. In all cases but the 12-month (and that won’t be long either), price growth has accelerated through the rates seen in 2017, when policymakers were working on multiple fronts to tame the market. Spring is now in the air and there’s litt