The impact of COVID-19 on Key Housing Markets

Stats in brief: 11-627-M2020050

Description:

This infographic examines key housing markets in Canada prior to COVID-19 and offers an outlook of the impacts of the pandemic on the real estate market over the next few months. Price trends for four property types, such as new houses, new condominiums, resale houses and resale condominiums are explored. Prior to COVID-19, the price of condominium apartments increased at a faster pace than single, semi-detached and row homes. Since the beginning of the pandemic, many changes have been impacting the real estate industry, from virtual tours to a change in preference towards larger homes in the suburb. We offer an outlook of the impact of those new realities on the real estate market going forward.

Issue Number: 2020050
Author(s): De Champlain, Annie; Hoang, Joanne; Siatchinov, Alexei; Verma, Rohit
FormatRelease dateMore information
HTMLJuly 21, 2020
PDFJuly 21, 2020