“Almost every indicator on the Canadian economy showed improvement in May compared to April, providing early evidence that a recession is behind us and a recovery is underway, which is being led by sales growth in the residential real estate sector. Consumer confidence levels have begun to improve….”

“The spurt in activity underway has been likened to the initial reaction of releasing a beach ball that was held below water, with the sustainability of the upward trend dependent on the economy’s ability to fully recover — which may take a couple years.”

Urbanation Inc.

June 2020