WHAT A COVID-19 VACCINE COULD MEAN FOR CANADIAN REAL ESTATE MARKETS
What a COVID-19 Vaccine Could Mean for Canadian Real Estate Markets Nearly a year after the first reported case of COVID-19, pharmaceutical giants announced a vaccine was on the way. Pfizer and Moderna both say their research is promising and Canada has inked deals with both to secure millions of doses. In total, Canada has procured more than 358 million does from seven companies, according to CBC . While some countries have announced plans to begin vaccinating their residents as early as December 2020, some Canadians will have to wait a bit longer. However, the news is still a bright light at the end of the long pandemic tunnel. A safe, effective and accessible vaccine would mean the end of lockdown policies and other safety restrictions. We spoke to our team of economists to see how they think this news could impact the economy and housing markets across Canada. How will the economy, in general, be impacted by a vaccine? A vaccine will allow individuals to go out and interact wi...