Bulls versus the bears
CMHC project a decline of up to 18%, while RBC expect big gains.
Meanwhile, 20% of Canadians can not afford to live in cities, GDP is down5% on the year and it now takes 60 months for Canadians to save for a downpayment on a house.
When Sajeela Siddiqui planned to buy her first home during a pandemic, she looked to move outside of the Greater Toronto Area like so many others in search of more space.
“Should Covid fade into the background, as is expected, the vibrancy of cities will return and so will the demand for housing within them,” Tal and Mendes wrote in the report published Thursday.
Scotia Plaza’s owners publicly announced that Scotiabank renewed part of its lease but that the bank would give up the top floors of the 68-storey office building.
Please wait while page refreshes..