December 7, 2020, by Michelle McNally

Health Canada is expected to approve the use of the Pfizer vaccine in a matter of days. 

Prime Minister Justin Trudeau announced that Canada will receive 249,000 doses of the Pfizer vaccine before the end of the year. Three other potential vaccine candidates are also under consideration for approval, with millions of doses potentially available for priority recipients by early 2021.

While the arrival of a vaccine isn’t likely to create big shifts in the country’s housing market right away, Matthew Boukall, Vice President of Product Management and Data Solutions at Altus Group, says that its rollout could immediately impact how homebuyers make decisions about where they plan on moving.

Boukall noted that Toronto will see a large number of new housing units delivered next year. This, combined with an increase in listings on the market, will create more supply, he said. 

COVID-19 vaccine deployment will shape Canada’s housing market in 2021

What does this mean?

This article is fascinating, even enlightening, but you may have no idea what to do with the information it  provides.

It’s dangerous to load up on knowledge and move without the practical wisdom to act.

Every week, our coaches post real estate insights and stories from the streets. They unpack real deals, breaking down the numbers, and highlight trends that their clients are making money off of.

Their wisdom is freely available to you right here. 

Sign up for the iWIN Real Estate Newsletter now so you never miss the practical wisdom we are already sending to thousands of investors in Ontario.