Canada\u0027s housing market is showing signs of life after a year\u002Dlong winter, but while buyers are returning, sellers aren\u0027t. Find out more
“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.
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