CIBC Deputy Chief Economist Warns that Housing Market Slowdown is Coming

While confidence in the Canadian housing market continues to grow, at least one Canadian economist is warning that a market slowdown is coming.

A new survey from Nanos Research Group suggests confidence in Canada’s housing market is booming, with some 45% of respondents saying they believe the value of real estate in their neighbourhood will increase over the next six months, the highest reading since mid-March when mass nation-wide shutdowns were implemented to help control the coronavirus outbreak.

Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/

Article Written By: Toronto Storeys

Original Article Posted on: November 2, 2020

Link to Original Article: https://torontostoreys.com/canadian-housing-market-slowdown-benjamin-tal-cibc/