Housing activity is expected to recover after declining in 2018 and 2019.
“Housing starts are projected to stabilize in 2020 and 2021 at levels in line with long-run averages. This follows two years of declines from elevated levels in 2017. Resale activity and house prices are expected to fully recover from recent declines, supported by growth in income and population.”
View the full report in the CREIC Members Resources Area.