House-hungry millennials could be forgiven for hoping that the silver lining in COVID-19’s economic rampage is an unexpected shot at the real estate market. With home prices set to soar at the start of this year, many would-be buyers went into lockdown feeling priced out and discouraged by heated bidding ...
Continue ReadingThe national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue. “Prices are determined by both demand and supply. What we saw in March is that supply came down quite a bit as well,” Hogue said in the ...
Continue ReadingPhoto: James Bombales Data released earlier this month by the Toronto Regional Real Estate Board (TRREB) gave us the first glimpse of the huge blow the COVID-19 pandemic would deliver to the city’s housing market. After a strong showing in the first half of March, Toronto home sales fell 16 ...
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