Rapidly Evolving Expectations in the Housing Market

One of the reasons we look at economic trends is that, most of the time, the recent past gives us reasonably reliable clues about what might happen in the near future. That is not the case in these extremely abnormal times - the COVID-19 emergency has resulted in extremely volatile shifts in the Canadian housing market. At this point as we begin to see signs of recovery from COVID-19, it is very difficult to confidently develop any forecasts for the housing market because of continued uncertainty about the key factors that will drive consumer decisions.

As COVID-19 remains a key influence in our industry, over the past several months Mortgage Professionals Canada has released a series of consumer reports - Rapidly Evolving Expectations in the Housing Market. These reports show analysis of data that has been useful in trying to track shifts in the expectations Canadians have experienced about the housing market in order to monitor the evolving market circumstances. 

As a valuable resources for our members, we have decided to continue to offer these reports on our website for future reference.