Markets Should Be Prepared for Rates to Stay Lower for Longer, BMO CEO Says

Darrell White, CEO of BMO, discusses the current economic environment characterized by low interest rates and inflation. He emphasizes the need for investors to adapt to this 'new normal.' The conversation also covers banking policies, particularly loan provisions, and the importance of a rigorous process in risk management. Additionally, the housing market in Canada is analyzed, highlighting recent policy impacts and the current state of stability.

What changes occurred in the housing market over the past year and a half?

What is the significance of the supply and demand fundamentals in the housing market as mentioned in the text?