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Canada Real Estate: Rbc Economics Reports Condo Listings On The Rise As Investors Look To Sell

Author: 
Blueprint Management
Publication date:
January 8, 2021
Article Summary: 

RBC Economics has reported that condo prices in Canada have stagnated in the last six months and could weaken in larger markets next year. Condo listings have increased in some regions, with the Greater Vancouver area seeing a 20.9% YoY rise in September 2020, while listings for detached homes in Toronto, Montreal, and Vancouver decreased YoY. New regulations in Toronto are also said to be pushing investors to sell. Furthermore, the COVID-19 pandemic has affected the Canadian housing market, with rental supply surging and affordability issues driving Canadians further afield into smaller towns and cottage country.

Keywords: 

Canada real estate, RBC Economics, condo prices, stagnated, larger markets, weaken, condo listings, increased, Greater Vancouver, YoY rise, detached homes, Toronto, Montreal, Vancouver, decreased, new regulations, Toronto, investors, sell, COVID-19 pandemic, Canadian housing market, rental supply, surging, affordability issues, Canadians, smaller towns, cottage country.

Source Citation: 
Blueprint Management
Canada Real Estate: Rbc Economics Reports Condo Listings On The Rise As Investors Look To Sell
January 8, 2021
https://blueprintmanagement.ca/blog/canada-real-estate-rbc-economics-reports-condo-listings-on-the-rise-as-investors-look-to-sell/
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