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Press release from Marketwire

REPEAT-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 - Results from poll showing how many Canadians intend to buy a property in the next five years - Experts from BMO, RE/MAX and the Canadian Home Builders' Association provide insights into real estate trends and examine which cities will be the next hot spots

Monday, January 07, 2013

REPEAT-Media Advisory/Interview Opportunity-Canadian Housing Outlook for 2013: BMO Hosts Conference Call09:00 EST Monday, January 07, 2013TORONTO, ONTARIO--(Marketwire - Jan. 7, 2013) - 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? 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 MarketWho:Sal Guatieri, Senior Economist, BMO Capital MarketsConrad Zurini, Broker of Record, RE/MAX Escarpment Reality Inc.John Turner, National Director, Specialized Lending, BMO Bank of MontrealCharron Ungar, President Canadian Home Builders' Association - Calgary RegionWhen:Tuesday, January 8, 2013; 11:00 a.m. - 11:30 a.m. ETMedia Dial-in: 416-641-2144 / 1-866-696-5910Participant Passcode: 8636439Passcode: To confirm your attendance of if you have any questions, please contact BMO Media Relations at (416) 867-3996.About BMO Financial GroupEstablished 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.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: BMO Media Relations(416) 867-3996