Cost of Living

Listings drop but prices hold in Canada's COVID-19 real estate market

Listings have dropped dramatically but real estate prices across Canada are, for the most part, holding up during the COVID-19 pandemic. But how stable is our real estate market, and what could happen if it starts to crater?

Believe it or not, some folks are still buying and selling homes during the COVID-19 pandemic

The Toronto Regional Real Estate Board says home sales were strong in the first half of March 2020 but then started to slow down because of the COVID-19 pandemic. Mid-way through April, home sales are down 69 per cent in the GTA. (Richard Buchan/The Canadian Press)

Listings have dropped dramatically, but real estate prices across Canada are, for the most part, holding up during the coronavirus crisis.

But how exactly do you sell — or even see a listed property during a pandemic?

  • CBC Radio's business and economics show, Cost of Living, is in a new time slot on CBC Radio One due to the coronavirus pandemic. Catch it Fridays at 1:30 p.m. (2 p.m. NT), Saturdays at 6:30 p.m. or online anytime at CBC Listen.

CBC's senior business correspondent Peter Armstrong joins the Cost of Living to look at how stable our real estate market really is, and what could happen if it starts to crater in Canada.

Click "listen" at the top of the page to hear this segment, or download the Cost of Living podcast.




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