In a July release, the Canadian Real Estate Association reported that home sales had fallen for three months in a row after reaching an all-time high in March.1 So could one of the world’s hottest real estate markets finally be headed for a downturn?   We wouldn’t bet on it. That’s because even though sales have slowed, it was still the strongest June on record—and 13%...Read More

Is the Real Estate Market Going to Crash? While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last?   When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether...Read More

Circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages might have made you assume that the housing market would lose steam, but there is plenty of evidence to the contrary. As Canadian Real Estate Association (CREA) senior economist, Shaun Cathcart noted, “records [are continually] being broken” in the residential property market.1   Indeed, rather ...Read More

  According to the Royal LePage House Price Survey and Market Survey Forecast released today, the aggregate1 price of a home in Canada is expected to remain remarkably stable through the COVID-19 pandemic. If the strict, stay-at-home restrictions characterizing the fight against COVID-19 are eased during the second quarter, prices are expected to end 2020 relatively flat, with the aggr...Read More