Big mortgages, few listings and fierce competition: Welcome to the spring housing market of 2023

Jasmine Lorimer bought a condo in Whistler, B.C., in December, as her way into a housing market that had previously been utterly out of reach despite her solid income and six-figure savings.JENNIFER GAUTHIER/The Globe and Mail

When Kelly Laing

The housing market is so detached from fundamentals that a leading research firm predicts the pause in home price declines is about to ‘prove temporary’

Back in early Januaryeconomists at Capital Economics put out a report arguing that US housing market demand had finally bottomed out following last year’s mortgage rate induced pullback.

Not long after that report was published, housing metrics began to