Real estate experts are predicting a substantial drop in real estate prices, reporting decreases up to 30%. This model is a projection stemming from researchers studying how Canada’s economy will be holding up if the impact of the pandemic extends into July. With that being said, the country is still leaning on the real estate industry for economic support, as it seems to be one of the industries who haven’t yet fallen backwards in an extreme manner.
- Baseline predictions show Canada’s real estate prices dropping, but recovering after the pandemic.
- How quickly the market recovers depends on how quickly the pandemic ends.
- Read on for more top stories about Canadian economies and real estate markets.
“Deep pocketed investors and institutions were advised Canadian real estate prices will fall.”