The results out there seem to defy traditional economic consensus.
Global pandemic, recession, double digit unemployment, new COVID variants…record home prices?….no listings?
What a long, strange trip it has been. With infection and death rates plunging across North America as of late, Canadians are very bullish on the housing sector. Usually we’re talking about the big metropolitan markets but today it is that and much more. Satellite communities and rural properties have all seen price increases, multiple offers and low listings.
Is this trend going to continue? Can the Canadian market sustain its velocity?