Comments on: Canadian Real Estate Is About To Blow Past The Late 80s Bubble: BMO https://betterdwelling.com/canadian-real-estate-is-about-to-blow-past-the-late-80s-bubble-bmo/ Canada’s Fastest Growing Real Estate News Source Sun, 20 Mar 2022 11:44:07 +0000 hourly 1 By: Kevin https://betterdwelling.com/canadian-real-estate-is-about-to-blow-past-the-late-80s-bubble-bmo/#comment-81655 Sun, 20 Mar 2022 11:44:07 +0000 https://betterdwelling.com/?p=19961#comment-81655 I am glad that you mention “right across the country.” We live in a small town (<5000) near Sudbury and the prices here have soared. It also only has one major employer in a commodity industry. A renovated 850 sq foot 2 bed 1 bath no basement was listed at 299k and was quickly sold. Three years ago that probably would have gone for around 100k. The wages in this town, while decent, don’t support that – GTA wages are driving the increase – “getaway/weekend homes” or “retire to homes” etc. Local supply/ demand didn’t drive up the prices.
In Eastern Ontario the house across from my mother’s, all original 1971, was listed close to 600k, in a town where the vast majority of job postings are the “light industrial “ type for $18/hr. The attention may be focused on TO or VAN, and the absolute numbers may be higher, but the impact on price to income ratio feels much sharper in the smaller communities.

]]> By: Simon Chan https://betterdwelling.com/canadian-real-estate-is-about-to-blow-past-the-late-80s-bubble-bmo/#comment-81550 Fri, 18 Mar 2022 17:27:22 +0000 https://betterdwelling.com/?p=19961#comment-81550 In reply to Saad.

I’ve asked this before. BMO sends the reports to journalists a day before so they can write about them and then the report goes to capital markets customers afterwards. There is no report to link to, and I confirmed with BMO.

]]> By: Saad https://betterdwelling.com/canadian-real-estate-is-about-to-blow-past-the-late-80s-bubble-bmo/#comment-81508 Thu, 17 Mar 2022 17:31:34 +0000 https://betterdwelling.com/?p=19961#comment-81508 Where is the report/statement that BMO put out saying these things? Please provide a linkable reference.

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