TORONTO — Getting the renovation market back on track post-pandemic will have its challenges, says one of Canada’s top economists. Peter Norman is vice president and chief economist at Altus Group, which supplies data and advisory services to the commercial real estate industry, including builders, developers and manufacturers. He admits that the upheaval created by the pandemic will be major. “I think it’s going to be a weak year because so much has been interrupted.” As people come out of lockdown, due to the economic and emotional consequences of lockdowns, they may not be so keen to start renovating.
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