Economic impacts of COVID-19

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  • 1. Price trends and outlook in key Canadian housing markets Archived
    Stats in brief: 45-28-0001202000100053
    Description:

    This article 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 singles, semi-detached and row homes. The global pandemic may cause a shift of preferences for larger homes instead of condominiums as future home buyers may prefer larger homes in the suburbs as working from home becomes more prevalent.

    Release date: 2020-07-21
  • 2. The Impact of COVID-19 on Key Housing Markets Archived
    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.

    Release date: 2020-07-21
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  • 1. Price trends and outlook in key Canadian housing markets Archived
    Stats in brief: 45-28-0001202000100053
    Description:

    This article 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 singles, semi-detached and row homes. The global pandemic may cause a shift of preferences for larger homes instead of condominiums as future home buyers may prefer larger homes in the suburbs as working from home becomes more prevalent.

    Release date: 2020-07-21
  • 2. The Impact of COVID-19 on Key Housing Markets Archived
    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.

    Release date: 2020-07-21
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