The more pessimistic scenario could see deferred mortgages turning into foreclosures
There could still be challenges related to uneven demand
No region was spared from the deterioration in housing starts
April home sales were down 57.6% from a year earlier, CREA says
Federal support is dampening the effects of widespread unemployment, a Scotiabank report says
A report predicts home prices will drop by 10–15% through 2022
Report suggests Covid-19's impact on housing market will extend well into 2021
The coronavirus outbreak has significantly slowed market activity
Metropolitan areas in Central and Eastern Canada are most likely to hit the brakes hardest
The 14% drop represents an abrupt downward shift ahead of the usually busy spring season