SAL GUATIERI & MICHAEL MCCANN - February 16

Feb 16, 2017

By Dave Woodard

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Canada’s largest housing market is in a bubble. It’s something that many Torontonians have believed for months, if not years, but it’s now official – at least according to BMO Chief Economist Doug Porter. He said in a note to clients on Tuesday that housing prices are ‘detached’ from economic fundamentals are soaring solely on the belief that they will continue to rise. We’ll speak with BMO Director and Senior Economist Sal Guatieri about the comments. We’ll also check in with real estate agent and downsizing expert Michael McCann from Royal Lepage about what this means for home owners

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