Real Estate News

RBC Now Forecasting Benchmark Home Prices to Fall 7 percent By Middle of 2021

Image by Paul Brennan from Pixabay

Noting May’s impressive percentage changes in both sales and listings, the bank warns that the ‘rebound’ May saw is overinflated when given proper context; namely, April was the worst month in three and a half decades for home sales and an increase from its sub-basement levels does not mean the Canadian housing market is back on track.

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