There is very little consensus among economists, however, most agree that the market will be softer in 2021.
All in Ontario
EQUIFAX: Consumer Debt is Up with Renewed Mortgage Activity
Total Outstanding Debt Climbs to $1.991 Trillion
Average rent in Canada down 7.6% year over year
Rents for one- and two-bedroom apartments and condominium rentals are down year over year.
Why are the surrounding suburbs of Toronto so expensive?
GTA Suburbs are expensive because of a combination of low mortgage rates and a housing stock deficit.
Hamilton-Burlington Home Price Forecast - July 2020
Hamilton's home prices are resilient for now. The recession will likely push down prices.
Metro Ottawa Home Price Forecast - July 2020
Ottawa home prices continue to rise despite super-high unemployment. Can it last?
Metro Toronto Home Price Forecast - July 2020
Low population growth and poor job prospects expected to weigh on GTA home prices.
5 Forces Driving Ontario Home Prices
The Coronavirus Recession is significantly changing market conditions.