Many of Canada’s housing markets are considered “very weak”
A report from BMO ranks 10 out of 22 housing markets in Canada as “very weak” including Calgary, Edmonton and Ottawa. Montreal is assessed as “weak” while three markets in Ontario are said to be “strong”; St Catharines, Hamilton and Windsor. The rest including the formerly-red-hot Toronto and Vancouver are now deemed “balanced”. The analysis compares current market prices with historic data. BNO economist Robert Kavcic says in the report that “location is everything” and highlights that even within cities there are differences. He concludes that Ontario and BC are being left to “carry the weight” of the real estate industry.