Five Years Later: How Pandemic Trends Are Still Affecting Canada’s Housing Market
Grateful for the opportunity to share my insights on this Canadian Real Estate Association (REALTOR.ca), Market Trends Living Room blog taking a look at the major trends and milestones in the Canadian housing market over the past 5 years, from the start of the pandemic until now.
“Today, the market is much more balanced compared to the fluctuations experienced during the past five years,” Warr notes. “Overall, the market’s evolution from rapid growth to cooling and now, stabilization, reflects both economic policy shifts and evolving buyer needs. “Lower interest rates, improved inventory, and lessons learned from the pandemic have helped stabilize things,” she adds. “While affordability remains a challenge, the outlook is more optimistic, and the market is shaping up to be healthier and more sustainable in the future.”