Canadian home prices expected to keep rising this year, outpacing inflation
Canadian house prices will continue their upwards march this year, outpacing inflation after hitting record highs in 2020, according to a Reuters poll of property market analysts who said the risk of a COVID-19 resurgence derailing activity was low.
Renewed lockdown restrictions after a second wave of infections hit the country are threatening expectations for a strong recovery after the economy likely posted its biggest GDP drop on record of 5.1 per cent in 2020.
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Mumal Rathore and Richa Rebello
Original Article Posted on: February 2, 2021
Link to Original Article: https://financialpost.com/real-estate/canada-house-prices-to-build-up-this-year-outpace-inflation