This article was created by Wise Publishing. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned.
“Ultimately the market we’re seeing right now is mostly the same one we were heading into back in March.”The rebound over the past three months has been swift and strong, with July’s sales figures tripling those in April. “A big part of what we’re seeing right now is the snap back in activity that would have otherwise happened earlier this year,” says Cathcart.that prices could fall in the future as government support dries up — but if a correction is coming, it certainly hasn’t happened yet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
After a record-breaking summer, Canadian real estate braces for autumn uncertaintyCanada's housing market shattered records in July despite the economic uncertainty surrounding the COVID-19 pandemic -- and with the usually busy fall real estate season drawing near, experts are divided about whether the boom will continue. The useless baby boomers will hold on to their house until they die. Housing won't crash unless banks raise interest rates and people can't afford their mortgage. Single family homes in the city is quickly becoming a waste of land/space. It is definitely not the way forward. Developers are the only one who can really afford most real estate. The NDP need to put a ban on foreign (non-Canadian) home ownership. Their still laundering billions through our housing market and ALR, and it needs to stop. That’s why we voted those liberal criminals out.
Source: CTVNews - 🏆 1. / 99 Read more »