Check out this great infographic giving a glimpse into Covid-19's effect on Canadian housing markets this past May:
- home sales down -39.8%,
- new listings down -38.1% and
- the average price of homes sold down -2.6% across Canada from May 2019.
While some things have slowed down, it's hard to tell whether these changes are temporary or here to stay. For now, as provinces and territories continue to re-open and life slowly comes back to normal, we can take that as a step in the right direction.
(Source of text and infograhpic: REALTOR.ca