Canadian home prices expected to keep rising this year, outpacing inflation.

Feb 4

Bright natural dining room nook with vases plates and fruits on the table.

Canadian house prices will continue their upwards march this year, outpacing inflation after hitting record highs in 2020, according to a Reuters poll of property market analysts who said the risk of a COVID-19 resurgence derailing activity was low.

Renewed lockdown restrictions after a second wave of infections hit the country are threatening expectations for a strong recovery after the economy likely posted its biggest GDP drop on record of 5.1 per cent in 2020.

Yet the Canadian housing market showed resilience, helped by record low mortgage rates and massive fiscal spending.

Article and header image via Financial Post, click here to read more.

Nicole Spiteri https://nicolespiteri.com

Canadian home prices expected to keep rising this year, outpacing inflation.

Canadian house prices will continue their upwards march this year, outpacing inflation after hitting record highs in 2020, according to a Reuters poll of property market analysts who said the risk of a COVID-19 resurgence derailing activity was low.

For the first time ever, there were more pre-construction condos sold in the 905 area than Toronto last year.

King West Penthouse feature on the Chestnut Park Blog!