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Macroeconomic Policy Series 2023

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A Deep Dive into Housing: Understanding Near-Term Trends and Secular Drivers

February 22, 2023 – 11:00 AM – 12:00 PM ET

2022 marked a decisive break from rising house prices for most of the past two decades, especially the dramatic escalation from mid-2020 through 2021. Yet, the 2022 correction in housing markets and the vulnerability to further pressures in 2023 still left house prices at lofty levels, albeit notably less than their February 2022 peak.

Assessing the drivers of housing demand and supply is a complex task as diverse factors shape housing prices and sales. This webinar will examine the near-term outlook for housing and its medium and long-term trends. Key questions that it will address include:

What is the stage of the correction in house prices and sales?

  • How much will much higher borrowing rates affect housing in 2023?
  • What is the outlook for housing demand and supply trends beyond 2023?
  • What are the projected impacts of domestic demographic trends and rising immigration

 

Speaker:

Speaker

Robert Kavcic

Senior Economist and Director, BMO Economics

Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing economic, fiscal and real estate trends in Canada. Robert is the author of or regular contributor to various BMO Economics publications. He is a frequent commentator on economic and financial trends to the media.

Robert’s housing market articles include in-depth monthly assessments of demand, supply and price developments that are highly regarded by financial markets and real estate professionals. As a leading analyst of Canadian housing, Robert is regularly interviewed on Bloomberg television regarding real estate.

Before joining BMO, Robert worked in the Research department at the Bank of Canada. Robert holds an Honours Bachelor of Arts degree in Economics from the University of Western Ontario, and a Masters degree in Economics from Carleton University.

In case you missed the prior webinars in the series

Where To From Here: Bank of Canada Policy in 2023

January 10, 2023 – 11:00 AM – 12:00 PM ET

This event has passed.  You can watch the recorded webinar and read the summary. 

The New Macroeconomic Paradigm: Pandemic Lessons and Policy Needs 

January 24, 2023 – 11:00 AM – 12:00 PM ET

This event has passed.  You can watch the recorded webinar and read the summary.

Fiscal Policy in Challenging Economic Times: Risks & Opportunities

February 7, 2023 – 11:00 AM – 12:00 PM ET

This event has passed.  You can watch the recorded webinar and read the summary.