Tag: real estate report

Home Sales & Prices Won’t Fully Recover Until 2022, Says CMHC

Home Sales & Prices Won’t Fully Recover Until 2022, Says CMHC

Significant drops in employment in Canada’s major cities will keep downward pressure on housing demand, with sales and home prices not expected to rebound to pre-COVID levels until 2022, according to CMHC’s latest Housing Market Outlook. “Short-term uncertainty will lead to severe declines in sales activity and in new construction,

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East Coast Mortgage Brokers is Newfoundland and Labrador’s premier mortgage company. Founded in 2010, we work with Canada’s top lenders to ensure our clients get the best deal for their mortgage.