Featuring Robert Hogue, RBC Senior Economist

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Across Canada, the housing market rebounded as pent-up demand pumped up sales volumes and prices in June and July. Montreal, for example, set a new record – 46% jump in year-over-year sales. The pandemic has also shifted preferences, as more homebuyers venture to the suburbs in favour of space and greenery (putting a damper on the previously-hot urban condo market). Will we see this activity extend into the fall? And has COVID created a fundamental change in buying behaviour? RBC Senior Economist Robert Hogue shares his outlook on the housing market.

Background reading:

  • Canada’s housing markets were supercharged in July as economies reopened and market participants adapted to buying and selling homes during a pandemic.

 


The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe.

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