January 18, 2022
North American real estate markets soared throughout 2021, fueled in large part by monetary and fiscal stimulus from governments in relation to the pandemic. Other factors that increased demand across all asset classes included pent-up consumer demand, migration, a return to pre-pandemic immigration levels (particularly in Canada), vaccination levels that allowed for re-opening across states and provinces (albeit at very different paces and in some areas temporarily), and economic growth.