Canada s housing market won t recover from the pandemic until 2022
Image by Jean-François Gagnon from Pixabay
Canada’s housing market won’t recover from its current downturn until 2022, according to the Canada Mortgage and Housing Corporation (CMHC). Acknowledging that the outlook is iffy due to the volatile nature of the COVID-19 pandemic, the CMHC's spring 2020 report predicts a 9 to 18 per cent percent decline in house prices.
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