Canada 2021 Housing Forecasts Call For A Boom ... Or The Wor

Canada 2021 Housing Forecasts Call For A Boom ... Or The Worst Crash in 40 Years


David Cooper via Getty Images
In this undated file photo, for-sale signs stand outside a townhouse complex in Toronto's Malvern neighbourhood. The housing market forecasts for 2021 are in broad disagreement about what happens next.
This could be the toughest year in living memory to make predictions about the economy ― especially the housing market.
Amid the worst economic slowdown in decades, home sales and prices soared in many Canadian cities in 2020, along with housing markets in many other countries. The average house price in Canada has shot up by 13.8 per cent
No wonder this year’s batch of year-end forecasts for Canada’s housing market are all over the map. From predictions of rapid price growth and housing shortages to warnings of a market crash, there’s a forecast out there for every taste. Which, admittedly, isn’t very helpful.

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