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5 things you need to know this morning: July 7, 2023

5 things you need to know this morning: July 7, 2023
kamloopsbcnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kamloopsbcnow.com Daily Mail and Mail on Sunday newspapers.

Housing sales in Toronto are dropping so much that it s becoming a buyer s market

It may have been hard to believe real estate experts when they predicted that the ridiculous Toronto housing market would cool down this year, but .

This BMO chart shows the absurdity of Canada s boiling housing market

The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer 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

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