As we enter 2020, it’s important to look back on important trends in the housing market from 2019 to see how the coming year might shape up.
Let’s take a look at the top 5 lessons learned from 2019 and the market outlook for 2020 to ensure you are best positioned to support homebuyers in the coming year.
1. Housing activity expected to recover in 2020
According to CMHC’s latest Housing Market Outlook, housing sales, starts and price growth declined in 2018 – 2019 after reaching elevated levels in 2017. We are expecting to see a recovery of housing...