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Canadian Housing Market Faces Years-Long Price Decline, BMO Economist Warns
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Canadian Housing Market Faces Years-Long Price Decline, BMO Economist Warns
A prolonged real estate downturn will drag Canadian home prices lower throughout 2026, according to Bank of Montreal‘s senior economist who accurately predicted the market’s current trajectory years ago. BMO senior economist Robert Kavcic forecasts a “long and slow grind” toward affordability, warning buyers and sellers against expecting any near-term recovery. Canada’s national benchmark home price dropped 4% year-over-year in December, extendi…
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