Uncertainty, lower demand expected in Canada’s housing market: CMHC

Author: Andre Ouimet - Mortgage Agent | | Categories: Construction Loan , First Time Home Buyer Mortgage , Home Equity Loans , Income Tax Debt , Mortgage Agent , Mortgage Refinance , Residential Mortgages , Second Mortgage

Canada Mortgage and Housing Corp. is bracing for further impacts on the housing market from the COVID-19 pandemic.

The housing market will have to reckon with significant short-term uncertainty, as well as falling housing demand from weaker household incomes in the medium term, the Crown corporation said on Friday.

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Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:  Staff

Original Article Posted on:  August 28, 2020

Link to Original Article:  https://globalnews.ca/news/7304001/cmhc-housing-market-coronavirus/