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National Bank of Canada
Got 34 years to save up for a house?
It's a "very unusual year," a real estate developer's group says.
A pandemic, a trade war and rapidly shifting consumer demand are a recipe for goods inflation, National Bank's chief economist says.
Some previously priced-out homebuyers might have a shot at getting into pricey housing markets right now.
But the government went into the COVID-19 crisis with considerably less debt than other wealthy nations.
Six of the country's largest metro areas saw house prices slump in October, but it's probably not the start of a trend.
Just don't expect the trend to continue.
Faced with higher wages and a labour shortage, businesses are automating instead.
It may be a good time to keep renting and save up a larger down payment.
In Vancouver, you need to be in the top one per cent to buy a detached home at current prices.