Monthly Housing Market Update

The answer came in loud and clear: COVID-19 did not destroy this year's spring housing market—it mostly delayed it, says RBC Economics.

RBC Economics finds that home resale activity continued to rebound impressively in June and all major markets posted double-digit increases.

The gradual reopening of the economy across Canada set the stage for housing market activity to rise 57% from a generational low in April.

Home resales tumbled to a generational low, says RBC Economics; however, the housing market is entering the recovery phase.

Home resales plummeted in March and larger declines are expected in April, says RBC Economics; however, the shock will be temporary.