Canada Economic Podcast – May 2022
Tony Stillo, Director of Economics for Canada, and fellow Economist, Michael Davenport discuss their forecast for a 24% correction in Canadian house prices. Earlier this year, we forecast that Canada’s housing market would hit an inflection point by the autumn of 2022 due to a combination of record unaffordability, higher interest rates and new government policies designed to cool demand and boost supply. There are early signs that this breaking point may have already been hit with average home prices in April already down 6% since February.
Tony Stillo
Director of Canada Economics
Tony Stillo
Director of Canada Economics
Tony Stillo is the Director of Canada Economics at Oxford Economics, based out of the Toronto office. He is responsible for producing the macroeconomic forecast for Canada using Oxford Economics’ Global Economic Model, reporting on key data releases and producing/presenting research on key issues affecting the Canadian economy. Tony also helps support the work of other areas at Oxford Economics where there’s a Canadian angle.
Michael Davenport
Economist
Michael Davenport
Economist
Michael is an Economist on the US Macro team with a particular focus on the Canadian Economy. He primarily supports the Director of Canada Economics in producing macroeconomic research and forecasts, monitoring Canada and the provinces, and liaising with clients and the media. Michael first joined Oxford Economics as an Economic Research Analyst Intern in the Toronto office before being promoted to Associate Economist in August 2019.
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