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.
Metropolitan resale snapshot: May 2020
Metropolitan resale snapshot: May 2020
Canadian Economic Analysis
Industry Economic Analysis
Urban City Economic Analysis
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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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