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Shelly Hagan Save Share Canada’s hot housing market is showing early signs of a slowdown that may soften the industry’s contribution to the economy – but not enough to be a major concern, according to one bank economist. “Now that Canadians are leaving their homes more often, demand for housing is cooling off after a period of historic strength,” Canadian Imperial Bank of Commerce economist Royce Mendes said in a report. “As a result, we do expect this component of GDP to come back down to earth.” Lockdowns prompted an exodus of Canadians from apartments and condos in city centres to homes with more space. 

Royce mendesCanadian imperial bankImperial bankராய்ஸ் மேஂடெஸ்கனடியன் ஏகாதிபத்தியம் வங்கிஏகாதிபத்தியம் வங்கி