Metropolitan resale snapshot: November 2020

The Conference Board of Canada, November 23, 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 plateaued in October. Residential demand persists despite an emerging second COVID-19 wave and still-uncertain economic prospects. Buyers continue to be lured by ultra-low interest rates and the desire for more living space in an era of pandemic restrictions and work-from-home practices. Risks remain, however, 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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