Metropolitan resale snapshot: December 2020

The Conference Board of Canada, December 21, 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

Canada’s existing housing markets continued to plateau at high levels in November. Residential demand persists in the era of COVID-19, although future sales gains will likely be limited as pent-up demand eases and economic prospects remain murky.

Buyers continue to benefit from ultra-low interest rates as they seek more living space during COVID-19 restrictions and work-from-home practices. Risks remain, including the staggered end of mortgage forbearance by chartered banks, high consumer debt, and a softening apartment market in some cities.

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