Canadian Real Estate Prices Do Not Always Rise Everywhere Forever BMO

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Canadian real estate has only experienced a limited number of corrections since 2000. Just two, to be more precise. There was the 2008/09 cycle during the global financial crisis. Then there was the foreign buyer mini-bubble in 2017/2018. The central bank had also begun to raise rates during the latter, cooling price growth. Vast injections of mortgage credit reversed both slow periods. Flooding the market with credit only extends market inefficiencies though, turning a minor issue into a big one.

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