Slide 1:
Ontario’s home prices have been quietly falling for 3+ years—despite record population growth.
Slide 2:
BMO says Ontario’s correction now looks eerily similar to America’s 2007 housing crash curve.
Slide 3:
If trends continue, it could take another five years for prices to fully recover.
Slide 4:
The last Ontario correction lasted 8 years—this one’s already tracking close behind.