From May onward property markets have been reeling in record prices and record sales. According to the Canadian Real Estate Association, the national home price index calculated a typical home sale at 3.3% to $637,600 from January to July. In Montreal the index rose 7.7% to $401,200 . . . . Ottawa jumped 9.4% to $502,500 . . . . in the Toronto Region it increased 4% to $876,100 . . . . and in the Vancouver area $1,023,100.
For renters with secure jobs, the situation is not dire. In tight markets such as TORONTO, supply is up and demand is down. A large number of new apartments and condos will soon be on the market, both in, and outside the city. – Report On Business, Globe and Mail, August 22/2020