Most of us could not have predicted the events of 2020. Covid-19 and the pandemic made and continues to make its mark on the world, Canada and our communities. the real estate markets throughout north America, after an initial shutdown, came roaring back to record breaking growth and sales. We seem to have avoided a major recession, but we cannot ignore what just happened. 

With much economic uncertainty associated with Covid-19, forecasting real estate trends for 2021 and beyond requires a deep dive into statistics. Our expectation is that covid-19, as we know it now, will have less of an impact moving forward towards the end of this year. However, there is no sense of what the long-term effects will be or what the future will look like. The Hallmark Market Report analyzes real estate trends with a specific focus on "opportunities", but not everyone agrees on the merits of a niche focuses strategy. 

The Hallmark Market Report includes third-party research, opinions and findings from both local and international sources, as well as Hallmark independent research, to provide some broader context for changes in the Ontario and Canadian real estate market. 

For the full 2021 Ontario residential housing market outlook continue to read here