This can't last.
Canada needs "a big surge of supply" to stop runaway house price growth, and that might happen when the pandemic ends.
The average house price in Ottawa has jumped 12% in a single month.
"All it needed was a pandemic."
The exodus from the cities is real, but maybe not permanent.
The lowest mortgage rate ever seen in Canada is available only to those putting less than 20% down.
Calgary's housing boom amid an oil price crash is "a bit surprising," the local real estate board admits.
Home sales soared 45.6 per cent from a year earlier, the Canadian Real Estate Association says.
The mortgage insurer's predictions would look far less alarming if it used the same measure of house prices as other forecasts.
"We are concerned that some damage may already have been done."