Pandemic Causes Sharp Drop in Canadians Searching for Homes
Housing markets had been heating up heading into the spring selling season.
Photographer: Brett Gundlock/BloombergThis article is for subscribers only.
Canadians’ interest in searching for houses online is waning amid the Covid-19 pandemic, according to real estate portal Point2 Homes.
Canadian home searches on the website were 38% lower on March 23 compared to March 5, according to data from the real estate marketplace, which is based in Saskatoon, Saskatchewan. Point2 Homes has seen the pace of search declines accelerate since the World Health Organization declared a pandemic on March 12.