-
Fitch Ratings Raises Home Price Expectations for the US, Canada, Australia, Denmark, Ireland
Fitch Ratings has raised its home price expectations for 2021 to reflect year-to-date developments in five countries including Australia, Canada and the US. Macroeconomic recoveries, the extension of government support measures and very low interest rates have driven home price growth in 1Q21, and we have previously increased our expectations for the Netherlands and the UK. The biggest revisions are for Australia and Canada, where double-digit price growth appears likely. Our muted home price expectations in December 2020 assumed that vaccine rollouts would only take effect around the middle of the year, that ... (full story)