Home Sales & Prices Won’t Fully Recover Until 2022, Says CMHC

Author: ExternaL AuthorR | | Categories: Best Mortgage Rates , Mortgage For Purchase , Mortgage Refinance , Mortgage Renewal , Mortgage Services

First Time Home Buyer Oakville

 Significant drops in employment in Canada’s major cities will keep downward pressure on housing demand, with sales and home prices not expected to rebound to pre-COVID levels until 2022, according to CMHC’s latest Housing Market Outlook.

Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By : Steve Huebl

Original Article Posted on : June 24, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/06/home-sales-prices-wont-fully-recover-2022-says-cmhc/



READ MORE BLOG ARTICLES