MOREL REAL ESTATE TEAM NEWSLETTER | AUGUST 2020
Sea to Sky Real Estate Update
CANADA SEES RECORD INCREASE IN HOMES SOLD IN JULY
“What a difference three months makes, from some of the lowest housing numbers ever back in April to the multiple monthly records logged in July,” said Shaun Cathcart, CREA’s senior economist. “A big part of what we’re seeing right now is the snap back in activity that would have otherwise happened earlier this year.
Canada’s economy is emerging from the steepest downturn since the Great Depression, fuelling a renewed housing boom. Housing starts hit a two-year high last month, while the latest confidence readings show optimism about prices is rebounding.”
Read the full article here in the Province.