Rob Kavcic

Economist

[Rob Kavcic @RobKavcic]

@MikePMoffatt Nope.

[Rob Kavcic @RobKavcic]

@BenRabidoux Truth.

[Rob Kavcic @RobKavcic]

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

[John Pasalis @JohnPasalis]

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/
https://t.co/nZwaFQsVnx

[Rob Kavcic @RobKavcic]

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

[Rob Kavcic @RobKavcic]

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...

[Scott Barlow @SBarlow_ROB]

"Another swing of the housing hammer" (BMO)

[Rob Kavcic @RobKavcic]

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...

[The Globe and Mail @globeandmail]

Bank of Canada’s rate hike expected to cool Canada’s hot housing markets https://t.co/7QHEHNDjlI

[Rob Kavcic @RobKavcic]

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

[BNN Bloomberg @BNNBloomberg]

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. https://t.co/92ZgLQsqsl

[Matt Lundy @mattlundy33]

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."

[Rob Kavcic @RobKavcic]

https://t.co/ePxGc3fhic

[Scott Barlow @SBarlow_ROB]

BMO: Canadian inflation pressure building

[CBC News @CBCNews]

#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. https://t.co/XjcNsB15TR @don_pittis

[Rob Kavcic @RobKavcic]

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

https://t.co/XOknpc5VWh

[Rob Kavcic @RobKavcic]

👏 "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"

[Globe Opinion @GlobeDebate]

Necessary fixes in real estate: Blind bidding, and other questionable practices https://t.co/EhBP1es6f5

[Rob Kavcic @RobKavcic]

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

[Scott Barlow @SBarlow_ROB]

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