Global Macro Service > Research Briefings > Canada

Housing friendly pandemic, but not for urban condos

We expect vigorous housing activity to resume as Canada’s health and economic situation improves after midwinter lockdowns ease. The rise in nationwide house prices should slow from 8.2% on average in 2020 to 6.8% in 2021, but this will mask divergent underlying trends, with prices for condo apartments likely to fall 0.7% this year, more so in major urban centres.

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