Rob Kavcic

@MikePMoffatt Nope.

The solution to the housing crisis has to be more supply. But demand-side policies can create a supply-side response. To make those work they should be, as much as possible, targeted towards new build and be time-limited.

@BenRabidoux Truth.

Taking heat on this. Guys, do the math. NPRs are currently ADDING 800k annually to population growth. IF the feds do what they say (big if, I know) it means that cohort will be SUBTRACTING nearly 150k annually for the next 3 years. That is an insane delta

Everyone now realizing that, yes, there is a demand curve in housing too 😉. The simple answer is often the right one...

Catch-’23: Canada’s Affordability Conundrum This is a fantastic report on Canada's housing affordability crisis from BMO I highly recommend it to anyone who is trying to make sense of Canada's housing market I'll share a few takeaways here 1/ economics.bmo.com/en/publication…

@JosephF35921078 @BetterDwelling @danielfoch @willjtran1 Some truth here for sure. See 2015-17, but policymakers roped it back in with moderate damage.

@BetterDwelling @RobKavcic @danielfoch @willjtran1 With all due respect, COVID wasn't when the bubble started, at least imo.

Is Canadian real estate a bubble? 🤔 BMO‘s @RobKavcic explains they warned the Bank of Canada had to do something at the start of 2021, but they acted at least a year late. Killer interview w/ @danielfoch & @willjtran1. Full video 👇 #ToRe #VanRe youtu.be/dX9kAtE645M

Father was a builder who survived the 80s and 90s; many associates didn't. Totally risk averse ever since. I don't think Cdns under 50 have seen how real estate, a great wealth creator, can wreck people in a hurry because of leverage and lack of liquidity. Play safe out there...

"Another swing of the housing hammer" (BMO)

That silence in #cdnhousing is the sound of price discovery. Repricing a market from 1.5% mortgage rates to 4% would carve almost 20%, all else equal. In the fall we'll reconvene to see who still wants to add an extra million units to this market...

Bank of Canada’s rate hike expected to cool Canada’s hot housing markets theglobeandmail.com/business/artic…

We might already be 10% off the high in #cdnhousing, with another quick 100 bps to swallow. Supply takes years; sentiment takes minutes...

From spiking mortgage rates, to government intervention, and the unknown of what Canada's finance minister has in store next week, BMO Capital Markets' senior economist isn't mincing words about the stakes for the housing market. bit.ly/3tQyudA

BMO: "By all means, we need to support [housing] supply. But that’s like bringing a squirt gun to the raging inferno of demand, which is being fueled by expectations of further price gains."

BMO: Canadian inflation pressure building

#Analysis: The business of owning and renting out homes has a long history in Canada and around the world. But in the current era of house envy, plans to corporatize single-family rentals have sparked a backlash. cbc.ca/1.6069021 @don_pittis

"The Bank of Canada says the housing market has gone bonkers – and it can’t do anything about it". I can think of something... theglobeandmail.com/opinion/editor…

👏 "As the BMO economists said, such a move won’t necessarily calm Canada’s current market, but it would ensure that more and better information is available to buyers in future, whether markets are cool or hot"

@SBarlow_ROB Haha, your call. I'm not big on this, just figure it's good to have a toe in the modern age...

@RobKavcic HA! Thanks for RT, I almost forgot you were out here. You want me to announce your account? Worked for Royce at CM

BMO: "If That’s Not a Bubble (Houses), That’s a Bubble (Cottages)"