Podcast

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.

Back to Events

Related Services

Canadian landscape

Service

Canada Macro Service

Comprehensive coverage of the Canadian economy, providing clients with all of the information they need to assess the impact of developments in the economy on their business.

Find Out More
Canadian flag in front of commercial building

Service

Canadian Province and Metro Service

Data and forecasts for Canadian provinces and metropolitan areas.

Find Out More

Service

Canada Provincial Territorial Model

A rigorous and comprehensive framework to develop forecasts, scenarios and impact analysis at the national, provincial and territorial levels.

Find Out More