Pandenomics is a podcast series looking at the economic impact of the COVID-19 pandemic and what the coming months may hold for Canadians.
In the fourth episode of Pandenomics, we examine the surprising COVID housing boom. Why are home sales and average prices on the upswing – even as the pandemic dampens economic activity in most other sectors – across the country in recent months? The effect is not limited to Canada’s typical real-estate hotspots, such as Toronto and Vancouver, but smaller cities such as Windsor are seeing demand for housing rise.
Perhaps it’s that home is no longer just where the heart is, but also for many Canadians where the office and school are. Scotiabank Senior Economist Marc Desormeaux breaks down what forces may be driving real estate demand, whether remote work is sparking a flight to the suburbs, and how long this boom could last.
- Subscribe and listen to Pandenomics on Apple podcasts.
Listen to Pandenomics Ep. 3: COVID-19 and business here.