Predictions of housing crash proved wrong for years, says BMO economist


BMO chief economist Doug Porter is calling out the bears who have predicted a housing market crash over the past eight years. On the same day as the Canadian Real Estate Association noted the average price of Canadian home was now above $500,000, he pointed to forecasts as far back as 2008 that predicted a 25 per cent crash in home prices.

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Michael James

Michael James

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