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Coronavirus is Shaking Up Canada’s Housing Market

A great article from @macleansmag

“Ultimately, Scotiabank thinks that any decline will be short lived. It says that home prices will exceed pre-COVID-19 levels by mid-2021 and that housing markets in locales that were doing well before the pandemic, such as Toronto and Vancouver, will rebound faster than other cities. In its report, it says that fears about a housing correction are misplaced. “There is no doubt that housing market activity is slowing dramatically at the moment, but the empirical analysis … suggests this decline in activity will be temporary, and that only a very modest decline in prices might result from this.”

Read the full article HERE

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