But I don believe it was put in the right place
Declines in employment and disposable household incomes will result in lower demand for existing homes this year, says Pardy. Favourable borrowing conditions, existing home sales are likely to decline 13 percent to 27 percent in 2020, as households adjust to a period of uncertainty. Similar to new construction, sales activity should gradually recover in 2021 and 2022 as employment conditions improve.
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