Canada's housing market headed for soft landing by 2022: RBC

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Canada’s housing market may be heading for a soft landing at the end of the year after what could be a record-breaking 2021, a new report by RBC Economics said.

The report published Wednesday said “supercharged” demand driven in part by low rates, high household savings and improving consumer confidence will continue to push housing market activity in Canada to record highs. The increase is set to take place after a 2020 that was likely the strongest year ever for the market despite the COVID-19 pandemic stalling activity in the spring.

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Original Article Source Credits:   BNN Bloomberg , https://www.bnnbloomberg.ca/

Article Written By:  Arturo Chang, BNN Bloomberg

Original Article Posted on:  Jan 13, 2021

Link to Original Article:  https://www.bnnbloomberg.ca/canada-s-housing-market-headed-for-soft-landing-by-2022-rbc-1.1548145

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