Average home prices are also up 16.9% from a year ago, at $943,710
Most asset classes had positive returns, but trailed market indexes
Working from home and online shopping result in weak demand for office space
Quebec data was absent from April due to pandemic measures, affecting monthly comparison
The more pessimistic scenario could see deferred mortgages turning into foreclosures
There could still be challenges related to uneven demand
Applications open Monday but business groups have warned that landlords may not take part
In Vancouver, home sales hit their lowest levels in nearly 40 years
Office space and retail will struggle, but warehouses will benefit, says CEO of Vision Capital
Low interest rates and a recovery could help sales to surge more than 40% in 2021