Canadian real estate continues to make headlines for its strength and resilience in the face of COVID-19, and increasingly for the obstacles preventing homebuyers from entering or moving up in the market. A question on everyone’s lips right now is, how long can this current rate of price growth continue? In the face of record-low housing inventory and rising demand across the country, it seems there’s no end in sight. One question recently posed to RE/MAX Canada is this:

Many working class Canadians are being priced out of the market – even folks with professional jobs and high incomes. I wonder about the impacts this has on our society as a whole. Are these rapidly rising prices a good thing or a bad thing? Should there be steps taken to address affordability? How do we do that in a fair and equitable way?

To offer some insight and help answer this loaded question, Christopher Alexander, Chief Strategy Officer and Executive Vice President at RE/MAX of Ontario-Atlantic Canada, explores the latest market data and trends.