Today, we proudly release the fourth in our series of four consumer reports – Rapidly Evolving Expectations in the Housing Market, written by our Chief Economist Will Dunning. We are also pleased to share that we have commissioned an additional fifth report in this series to track economic implications and trends of the ongoing second wave of COVID-19. Please look for this report in early 2021.
These Housing Market Reports, ordered as a direct response to the COVID-19 crisis, have created new data that will continue to assist in tracking shifts in Canadians’ expectations about the housing market. We are monitoring the evolving circumstances and tracking changes in sentiment toward the market in general, the deferral programs, and homeownership as a good idea.
This fourth report comprises four major sections that not only assess consumer opinions and expectations, but also starts to consider the impacts of the second wave, including:
• How COVID-19 has affected employment and incomes.
• Impacts on expectations about buying homes.
• Attitudes and expectations on topics related to housing markets and mortgages.
• Opinions about the mortgage deferral program.
Look for the special fifth report in ourRapidly Evolving Expectations in the Housing Market series in early 2021.
We encourage you to share the report.