According to the Housing Market Outlook – Special Edition recently released by the Canada Mortgage and Housing Corporation (CMHC), the residential industry’s slump will continue before possibly showing signs of recovery about this time next year.

According to the Housing Market Outlook – Special Edition recently released by the Canada Mortgage and Housing Corporation (CMHC), the residential industry’s slump will continue before possibly showing signs of recovery about this time next year.

Deputy Chief Economist at Export Development Canada was cautiously optimistic about a post-Covid recovery towards the end of the year.

Deputy Chief Economist at Export Development Canada was cautiously optimistic about a post-Covid recovery towards the end of the year.

Deputy Chief Economist at Export Development Canada was cautiously optimistic about a post-Covid recovery towards the end of the year.

Deputy Chief Economist at Export Development Canada was cautiously optimistic about a post-Covid recovery towards the end of the year.

As expected, the COVID-19 pandemic impacted new residential furniture orders, which dropped 29% in March compared to the same period a year ago, and 23% from February.

As expected, the COVID-19 pandemic impacted new residential furniture orders, which dropped 29% in March compared to the same period a year ago, and 23% from February.

As expected, the COVID-19 pandemic impacted new residential furniture orders, which dropped 29% in March compared to the same period a year ago, and 23% from February.