Home prices have some support despite sales slowdown – RBC Economics

The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue. “Prices are determined by both demand and supply. What we saw in March is that supply came down quite a bit as well,” Hogue said in the ...

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Low Risk” of Toronto Home Prices Collapsing From COVID-19 Impact: RBC

Photo: James Bombales Data released earlier this month by the Toronto Regional Real Estate Board (TRREB) gave us the first glimpse of the huge blow the COVID-19 pandemic would deliver to the city’s housing market. After a strong showing in the first half of March, Toronto home sales fell 16 ...

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