Metropolitan Resale Snapshot: September, 2020

The Conference Board of Canada, October 1, 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 red-hot in August, despite end-of-month signs of a COVID-19 uptick and still-soft employment conditions. Markets are responding to ultra-low interest rates and a desire for living space in the event of another lockdown. Nonetheless, risks lurk, including the looming end of mortgage forbearance by chartered banks, high consumer debt, and a potential second COVID wave.

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