|What happened with the market in 2020?
Spring sales fell and then froze. Mortgage restrictions and new taxes didn’t help. It was an uncertain global economy and everyone was spooked. Then, contrary to the dire predictions, sales began to climb in the August, building to record highs in the fall. By year’s end, in the midst of a global pandemic with unemployment rate at a 30-year high and borders closed, sales are up — way up. The impact of the COVID-19 recession was not equal. Most job losses were in low wage service sectors that hurt people least likely to be able to afford a house. Higher income employees kept right on working through the pandemic. In this pandemic our homes have became more important homes as workplace, school, entertainment centre, and refuge. Commuting has become less important. Read More