Home prices across Canada could fall almost 7% in 2021, report predicts

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Home prices across Canada could tumble about seven per cent in 2021, as unemployment dampens the hot real estate market, according to a forecast by Moody's Analytics, Inc.

There is a "dangerous" oversupply of new, single-family homes in Calgary and Edmonton, on top of affordability issues in Vancouver and Toronto, the financial intelligence company said in a report this week.

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Original Article Source Credits: CBC News , https://www.cbc.ca/  

Article Written By:  Anita Balakrishnan 

Original Article Posted on:  Sep 24, 2020

Link to Original Article:  https://www.cbc.ca/news/canada/british-columbia/predictions-home-prices-will-drop-in-2021-1.5736558