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RBC now forecasting benchmark home prices to fall 7 per cent by middle of 2021

from Toronto Storeys

RBC now forecasting benchmark home prices to fall 7 per cent by middle of 2021 Toronto Storeys In its latest housing market update, RBC is forecasting national benchmark home prices to fall seven per cent by the middle of 2021. 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. READ MORE

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