Metropolitan resale snapshot: May 2020

The Conference Board of Canada, June 2, 2020
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The monthly Metropolitan resale snapshot provides an overview of the existing home market and expectations for existing home price growth over the short term for 30 areas.

Document Highlights

Social distancing, skeptical lenders, and collapsed consumer confidence have ravaged resale markets. Most market participants have sharply curtailed activity amid a fog of uncertainty. Federal policy moves, including recent sharp interest rate cuts, will eventually improve conditions, but the immediate future is bleak. A healthy employment rebound would help.

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