Canada Economic Podcast – March 2023
Canada’s housing correction still has room to run
Canada’s housing market is in the midst of an historic correction. Home prices are already down about 15% from early 2022 highs and home sales have plummeted by more than 40%. With mortgage rates now peaking, the question on everyone’s mind is – How much longer will the housing downturn continue? In this podcast, Tony Stillo, Director of Economics for Canada, and fellow Economist, Michael Davenport discuss the outlook for Canada’s housing market and why they believe the correction in housing hasn’t yet run its full course.
Tony Stillo
Director of Canada Economics
+1 (437) 690 0267
Tony Stillo
Director of Canada Economics
Toronto, Canada
Tony Stillo is the Director of Canada Economics at Oxford Economics. He leads the team responsible for preparing the macroeconomic forecast for Canada using Oxford Economics’ Global Economic Model, reporting on key data releases, as well as producing and presenting research on key issues affecting the Canadian economy. Prior to joining Oxford Economics in 2018, Tony spent much of his career at the Ontario Ministry of Finance where he most recently led a team responsible for economic modelling, forecasting and impact analysis.
Michael Davenport
Economist, Canada
+1 (437) 690 0266
Michael Davenport
Economist, Canada
Toronto, Canada
Michael is an Economist with a particular focus on the Canadian economy. He primarily supports the Director of Canada Economics in producing macroeconomic research and forecasts, monitoring the Canadian economy, and liaising with clients and the media.
Michael first joined Oxford Economics Canada as an Economic Research Analyst Intern in the Toronto office in early 2019 and has since been promoted to an Economist. Michael holds a Bachelor of Arts in Economics and Financial Management from Wilfrid Laurier University.
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