Helping consumers understand housing market trends during COVID-19

During these unprecedented times, buyers and sellers across Canada remain wary of the lasting impacts that COVID-19 will have on the housing market. The prospect of making one of the biggest financial decisions of their life while many uncertainties remain in the current market puts many Canadians in a difficult position—either wait or act fast.

To help you and your clients stay informed, we’ve analyzed housing markets across Canada, so you can better understand the current outlook and plan accordingly. Check out our May 2020 snapshot below:

While some things have slowed down, it’s hard to tell whether these changes are temporary or here to stay. For now, as provinces and territories continue to re-open and life slowly comes back to normal, we can take that as a step in the right direction.

Whether your clients are moving, buying or selling, CREA Café and REALTOR.ca have information you can share with them. The CREA COVID-19 hub has all the resources REALTORS® need to get READY and SET to GO during each stage of the pandemic.

For a more detailed look at housing market statistics in Canada, visit creastats.ca. News releases can also be found in the CREA Newsroom.

Follow us on social media for more economic updates.

The CREA Café team is responsible for the official blog of The Canadian Real Estate Association (CREA). The CREA Café is a cozy place for CREA to connect with our valued members and friends by sharing our thoughts and insights over a virtual cup of coffee.


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