Dollars and SenseNews
Most of Canada’s housing market likely to be fertile ground for bidding wars in 2020
Source: Erica Alini, Global News, January 16, 2020
Canadians hoping to buy a house in 2020 better brace themselves for limited choice and plenty of competition, the latest housing market data suggests.
While conditions remain ho-hum in the Prairies and Newfoundland and Labrador, in the rest of the country, there are plenty of buyers and not much for sale.
A lack of housing supply would be “the story” for 2020, the Canadian Real Estate Association (CREA) warned in its housing market forecast in mid-December.
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