Will COVID-19 infect the housing market?

July 2020

Many clients may be wondering whether it’s a good time to invest in property. CIBC’s Chief Economist, Avery Shenfeld, predicts that while rental income may take a hit due to less immigration, this could be a great opportunity to get in on the homeowner’s market. He also discusses the recent CMHC changes and why he thinks it won’t have a great impact on peoples’ ability to afford a home.