According to a article on the HuffPost, even after COVID-19 housing sales will remain flat and even fall due to the lack of Immigration to Canada.
According to Stephen Brown a economist at U.K.-based Capital Economics says Canada is “...extremely reliant on immigration”.
Demand is set to fall, and stay down “for years” because the country can expect a decline in immigration levels.
If the market slowdown is making you consider your options as a Real Estate Professional, contact us to see how we can help!