The 10 Minute Take - How COVID created a supercharged summer housing market

Aug 12, 2020 | Brian Moore


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The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe. Featuring Robert Hogue, RBC Senior Economist.

The 10 Minute Take Podcast

Across Canada, the housing market rebounded as pent-up demand pumped up sales volumes and prices in June and July. Montreal, for example, set a new record – 46% jump in year-over-year sales. The pandemic has also shifted preferences, as more homebuyers venture to the suburbs in favour of space and greenery (putting a damper on the previously-hot urban condo market). Will we see this activity extend into the fall? And has COVID created a fundamental change in buying behaviour? RBC Senior Economist Robert Hogue shares his outlook on the housing market.

 

Click here for the full podcast; The 10 Minute Take.