One of the world’s largest risk advisory firms says Canadian real estate won’t be spared.
Moody’s Analytics
released their Canadian Q2 forecast, showing how COVID-19 will impact
the Canadian economy. The firm advised their institutional clients that
real estate will be impacted, with even an optimistic scenario showing
price declines.
Risk Assumptions and Baselines
First, a
quick note for non-analysts on the basics of assumptions and baselines.
Analysts take a snapshot of environmental variables, and then create a
baseline forecast. The baseline is a reasonable assumption of what would
happen, if everything went as expected from today. From there, they
have various impact scenarios that are based on any increase of risk.
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