Pandemic housing market to stay hot in 2021, but economists expect a hangover later in the year

Author: External Author | | Categories: First Time Home Buyer Mortgage , Home Purchase , Mortgage Agent , Mortgage Lending

Blog by Jennifer Charles Mortgages

This year is forecast to be another brisk one overall for Canada’s housing market, but economists also see reason to believe that the rush for residential real estate will start losing momentum as 2021 drags on.

The housing market “likely had its strongest year ever in 2020,” Royal Bank of Canada economist Robert Hogue wrote in a report released on Wednesday.

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Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Geoff Zochodne

Original Article Posted on:  Jan 14, 2021 

Link to Original Article:  https://financialpost.com/news/economy/pandemic-housing-market-to-stay-hot-in-2021-but-economists-expect-a-hangover-later-in-the-year



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