RBC Economics with another new report out today (they've upped the frequency). Bullets from their summary:
▪️ expect activity to slow to a crawl in most markets across the country in April and as long as social distancing and lock-down measures are in place
/1
▪️ expect activity to slow to a crawl in most markets across the country in April and as long as social distancing and lock-down measures are in place
/1
▪️ unclear how long home prices will hold up
▪️ expect property values to come under increasing downward pressure the longer restrictions persist and the deeper the recession gets
▪️ Super thin activity also makes the market prone to erratic price moves.〰️
/2
▪️ expect property values to come under increasing downward pressure the longer restrictions persist and the deeper the recession gets
▪️ Super thin activity also makes the market prone to erratic price moves.〰️
/2
TRREB had predicted 97,000 transactions for 2020. Were tracking well the first 2.5 months. Now they're saying they're going to issue a revised forecast when they get some more info. /3 
Check the 2 page RBC Economics "Focus on Canadian Housing" PDF report here for some Toronto and Vancouver (and Calgary) charts. #TOre #VanRE /4
…ank-of-canada-2124.docs.contently.com/v/covid-19-hit…
…ank-of-canada-2124.docs.contently.com/v/covid-19-hit…
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