After the effervescence of the third quarter, the market is still exposed to drop

On February 25, the CMHC released a new report confirming that the Canadian real estate market returned to its pre-pandemic strength in the third quarter. However, a full and sustained recovery in economic and employment conditions continues to depend on the uncertain trajectory of the pandemic. The strong demand for housing and price growth observed in most centers in the third quarter of 2020 continues, in turn, to be exposed to downside risks that depend on the progression of the pandemic, it states.