Despite a partial recovery in H2 2020, Canada’s GDP contracted by 5.4% last year with a secondary wave of COVID-19 infections slowing growth. All provinces are still in various stages of lockdown but after a slow start, vaccinations have accelerated. We assume that vaccinations in Canada will be complete by September, allowing pre-COVID-19 levels of activity by end-2021.
To learn more about our predictions for Canadian cities, watch our video below. If you would like to learn more about this topic, complete the form to download the full report.