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Media Advisory/Interview Opportunity-Canadian Housing Outlook for 2013: BMO Hosts Conference Call
- BMO unveils outlook for housing sales, prices and expectations among Canadian home and condo owners

TORONTO, ONTARIO -- (Marketwire) -- 01/06/13 -- Canada's housing market has undergone a major shift since the beginning of last year. Sales are down in some of Canada's major markets - Toronto and Vancouver are off double digits compared to a year ago, while even Calgary has simmered down after a year that saw a double-digit rise in sales.

Stricter mortgage lending guidelines, including a reduced maximum amortization period and a purchase price ceiling of $1 million dollars for government insured mortgages, have prompted some potential buyers to move to the sidelines.

Meanwhile, real estate prices - with the exception of some areas in Vancouver - are holding steady, supported by low interest rates. Since 2000, the price of houses across Canada has more than doubled on average.

Experts from BMO, RE/MAX and the Canadian Home Builders' Association will participate in a conference call to discuss the real estate environment in Canada, and what prospective buyers and sellers need to keep in mind. Panellists will discuss the following topics:

--  What is in store for the Canadian housing market over the coming year? 
--  What is different from last year for Canadian homeowners looking to buy
    or sell their home? 
--  What key trends are emerging in Canadian real estate, including in
    Toronto's high-end property market? 
--  The financial ins-and-outs of purchasing a home, including the
    importance of home inspections and pre-approvals. 

What:  BMO, RE/MAX, the Canadian Home Builders' Association discuss the     
       Canadian Housing Market                                              
Who:   Sal Guatieri, Senior Economist, BMO Capital Markets                  
       Conrad Zurini, Broker of Record, RE/MAX Escarpment Reality Inc.      
       John Turner, National Director, Specialized Lending, BMO Bank of     
       Charron Ungar, President Canadian Home Builders' Association -       
       Calgary Region                                                       
When:  Tuesday, January 8, 2013; 11:00 a.m. - 11:30 a.m. ET                 

Media Dial-in: 416-641-2144 / 1-866-696-5910

Participant Passcode: 8636439

Passcode: To confirm your attendance of if you have any questions, please contact BMO Media Relations at (416) 867-3996.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $525 billion as at October 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

BMO Media Relations
(416) 867-3996

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

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