Director, Head Housing Economist
Andres Carbacho-Burgos, PhD, is a Director and Head Housing Economist. Andres specializes in the U.S. and Canadian housing market, residential construction, and regional economies.
Before joining Moody's Analytics, he taught economics at Texas State University, where he also researched open-economy macroeconomics and income inequality. Born in Chile, he obtained his PhD and master's in economics from the University of Massachusetts at Amherst and his BA in economics from Carleton College.
The Canadian housing market is going through a period of decompression
Canada's housing market has moved past its previous turning point and seems to have settled into an interlude of slowing house price appreciation, reduced sales, and a looser market in general.
Canada's housing market is starting to feel the effects of federal and provincial government restrictions, and now the Bank of Canada has also started its long-awaited tightening of interest rates