The chief executive of EQB Inc. isn’t ready to paint all of Canada with the same brush when it comes to describing the outlook for housing markets as interest rates put a chill on home sales activity.
“We’re seeing more strength out west, you know, probably associated with higher commodity prices and so on — more confidence in the Calgary and Edmonton markets, where we’ve had a strong historical presence,” said Andrew Moor, who also serves as president of the bank known for its branchless business model, in an interview Wednesday.
”So it’s not universally, you know, weak across the country. But certainly we think the big market of Ontario is going to soften a little bit as we see interest rates rise.”
The most…
