Orderly Housing Correction Continues

Orderly Housing Correction Continues

There are many unusual aspects to the current housing correction, but fundamentally the most noteworthy is how orderly and non-chaotic it has been. Home sales have slowed, but so have new listings, so the price declines are more muted than we might have expected. This...
BANK OF CANADA PUTS THE ECONOMY ON LIFE SUPPORT

BANK OF CANADA PUTS THE ECONOMY ON LIFE SUPPORT

On the heels of a devastating decline in the Canadian economy, the Bank of Canada is taking unprecedented actions. With record job losses, plunging confidence and a shutdown of most businesses, this month’s newly released Monetary Policy Report (MPR) is a...