Housing Market Assessment — Canada and Metropolitan Areas

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Highlights — December 2020 — Results for Canada and Metropolitan Areas

  • Housing market activity across the country increased significantly in the third quarter of 2020 as pandemic measures were gradually rolled back over the spring and summer.
  • Sales activity rebounded but new listings did not keep pace. This resulted in declining inventory levels and upward pressure on house prices beyond what could be supported by the economic and demographic fundamentals. This led to an increase in the number of Census Metropolitan Areas exhibiting either a moderate or high degree of vulnerability.

Read the full report