Canada’s Housing Market Faces Uncertainty

Source: The Canadian Press Staff, globalnews.ca, August 29, 2020

COVID-19 could still pose a risk to prices, sales and new building projects.

Canada Mortgage and Housing Corp. is bracing for further impacts on the housing market from the COVID-19 pandemic.

The housing market will have to reckon with significant short-term uncertainty, as well as falling housing demand from weaker household incomes in the medium term, the Crown corporation said on Friday.

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