Home sales in Canada, understandably, have fallen as buyers and sellers stay home in coronavirus lockdowns, but so far prices have held up.
“Although the housing market was very strong at the start of March, the disruption caused by COVID-19 has since caused home sales to fall off a cliff,” wrote Capital Economics’s Stephen Brown in a note this week. But Capital believes that mass unemployment and the tourism shutdown will force some owners, especially investors in the short-term rental market, to sell in the months to come. “These sellers will inevitably have to accept lower bids from the few people willing to buy in the current environment,” wrote Brown.
All Canadian papers are biased one way or another. You guys are screwed
Foreign buyers will snap up the deals before Canadians will be able to afford them
Thanks for the news flash