Real estate resilient during COVID-19 but CMHC warns about debt’s effect

Real estate resilient during COVID-19 but CMHC warns about debt’s effect

May 21, 2020

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, says since Siddall’s term is coming to a close at the end of the year, his words should be taken with a grain of salt. Schamotta sees two possibilities.

“Siddall could be right, and we see a price drop that depresses growth and generates major headwinds for the Canadian dollar, or – just as in 2008 – policymakers could blink and inject enough cash to stabilize prices and kick the can further down the road,” said Schamotta.

Read the article here.

For further information, please contact Cambridge Global Payments

Press Inquiries

To connect with our global press contact and newsroom, click here