Has COVID-19 really changed the real estate housing market in Canada forever….or just for now?
Headlines since the beginning of COVID-19 have been nothing but contradictory and confusing. On December 9, 2020, we are cutting through the clutter with Sal Guatieri, Senior Economist, Director of Economic Research at BMO Capital Markets at our Art of Investing Webinar. We’ll be reconciling the fact that some headlines claim a looming debt cliff as a “significant number of mortgages” are still on the payment deferral, yet other articles extol the cash-rich reserves of our banks and the fact that profits are exceptional because our banks overprepared for the economic impacts of COVID-19.
What is more, the predicted softening and housing crash didn’t occur as those who typically purchased homes didn’t lose their jobs and those who did, for the most part, moved back in with mom and dad or was able to rely upon the various government programs to stay afloat; even, save, according to various economic reports. Some go so far as to claim that the fundamentals supporting our economy and housing market are solid.
Yet, we continue to see “condo crash” in the headlines and even predictions that we’ve simply kicked the housing crash down the road due to low lending rates and false hope. While we don’t promise any crystal ball readings, we do promise an informed and pointed discussion about what to expect in 2021 and beyond. Join us by RSVP’ing here.