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John Dunford

John Dunford, MBA

Real estate mortgage broker

Tel: 514-949-5434

Housing Market Still Strong – BMO

A report from the Bank of Montreal says that despite the technical recession there is no sign of that in the housing market. The mortgage lender’s analysis of the market from economist Robert Kavcic is that, although housing starts have slipped back month-over-month, the overall numbers show a healthy housing market.

In a client note he noted that the numbers are “consistent with demographic demand, but inconsistent with past national recessions.