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.
What does this mean?
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