A Brexit could further fuel Canada’s white-hot housing market, according to BMO Nesbitt Burns, because global market uncertainty caused by Brexit might keep interests rates low.
“In that event, the Fed will remain on ice even longer and Canadian rates will again probe all-time lows, keeping mortgage rates at an extremely low ebb and thus further fanning the flames in the domestic housing market,” said BMO chief economist Douglas Porter and senior economist Robert Kavcic.
A Brexit could further fuel Canada’s white-hot housing market, according to BMO Nesbitt Burns, because global market uncertainty caused by Brexit might keep interests rates low.
“In that event, the Fed will remain on ice even longer and Canadian rates will again probe all-time lows, keeping mortgage rates at an extremely low ebb and thus further fanning the flames in the domestic housing market,” said BMO chief economist Douglas Porter and senior economist Robert Kavcic.