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Canadian house prices to jump this year, but will slow in 2022


FinanceCanadian house prices to jump this year, but will slow in 2022
Mumal Rathore
4 minute read
Single family homes are seen against the skyline of Vancouver, British Columbia, Canada September 30, 2020. REUTERS/Jennifer Gauthier
Canadian house prices will rise sharply in 2021, supported by ultra-low interest rates and robust demand driven by massive fiscal support, according to a Reuters poll of analysts who however said risks were skewed to the downside.
Even with the economy at an early stage of recovery, Canada s housing market has been on a tear in recent months, with home prices escalating sharply to record highs this year, driven by investor activity and solid demand from first-time buyers. ....

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Canada house prices to build up this year, outpace inflation: Reuters poll


Canada house prices to build up this year, outpace inflation: Reuters poll
© Reuters/JENNIFER GAUTHIER
FILE PHOTO: Single family homes are seen against the Vancouver skyline, Canada
By Mumal Rathore and Richa Rebello
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BENGALURU (Reuters) - Canadian house prices will continue their upwards march this year, outpacing inflation after hitting record highs in 2020, according to a Reuters poll of property market analysts who said the risk of a COVID-19 resurgence derailing activity was low.
Renewed lockdown restrictions after a second wave of infections hit the country are threatening expectations for a strong recovery after the economy likely posted its biggest GDP drop on record of 5.1% in 2020. [ECILT/CA] ....

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