Will COVID-19 have an impact on the housing market? Here's what RBC thinks (via CTV News)

TORONTO -- Canada's housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says.

This year's home resales could dive by 30 per cent to a 20-year low as physical distancing limits sales while the economic fallout erodes confidence and leaves speculators sitting on the sidelines, said bank analyst Robert Hogue...

 

 

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Full RBC breakdown