Aug 18, 2020 by Pamela Heaven
According to BMO senior economist Robert Kavcic, during the pandemic recession, the performance of the housing market has been surprising.
Based on the data that was shown last August 17, 2020, Canada’s housing market surged in sales at 26% beating the records in July.
“In fact, this has shaped up to be a bizzaro-recession for the sector, where what is usually down is up, and vice versa,” he said in a note.
Pointing out some of the ways the housing market is going against the norm.
Kavcic is expecting that the lower end of the housing market and rental properties will be affected by the impact.
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.