Will COVID-19 Trigger a Housing Market Crash in Canada?

Author: External Author | | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Royal Canadian Legion , Self Employed Mortgage

The COVID-19 pandemic has brought Canada’s robust housing market to a standstill. At a time when millions of people are losing their jobs and the economy is entering a deep recession, homeowners are worried if this sudden shock will force the values of their biggest asset to crash.Just before the pandemic hit Canada, the fundamentals of the housing market were quite strong. There was a huge pent-up demand following the government’s two years of efforts to curb speculation. 

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Original Article Source Credits: fool, https://www.fool.ca/

Article Written By Haris Anwar

Original Article Posted on : May 13, 2020

Link to Original Article: https://www.fool.ca/2020/05/13/will-covid-19-trigger-a-housing-market-crash-in-canada/