Surge in home listings getting 'vapourized' by demand, BMO economist says

In Canada’s housing market, scant supply is often fingered as the culprit for soaring prices, but a research report from one of the country’s big banks suggests new listings are strong, it’s just that demand is far stronger. For the last six months, on average, new listings have been coming to market 10 to 15 per cent faster than pre-pandemic levels, according to the report by Bank of Montreal senior economist Robert...