An ongoing and widespread housing supply shortage is likely to continue, presenting challenges for homebuyers and putting upward pressure on prices. Royal LePage NRC Realty, Brokerage Head Office 33 Maywood Ave. St.Catharines, ON L2R 1C5. between the age of 51 to 99 with three bedrooms and two bathrooms. Reproduction in whole or in part is prohibited without written permission. Search for new homes, open houses, recently sold homes and reduced price real estate in Niagara Region. Overall, we are very confident in the long-term durability of the market.”  Additional highlights from the 2020 RE/MAX Fall Market Outlook Report Survey: About the 2020 RE/MAX Fall Market Outlook Report The 2020 RE/MAX Fall Market Outlook Report includes data and insights supplied by RE/MAX brokerages. 905-684-9459 Grant Brown, Executive Officer With the province being one of the hardest-hit regions in Canada, markets such as Niagara, Mississauga and Kitchener-Waterloo experienced significant drops in activity. See pricing and listing details of Niagara Falls real estate for sale. The RE/MAX average residential sale price expectation for Niagara in 2020 is an increase of seven per cent based on historical price appreciation, which was particularly high from 2018 to 2019 at almost 13 per cent. Browse our real estate listings, learn more about the town of NOTL and its neighbourhoods, and reach out … “As 2020 winds down we expect to see a slowing of sales and Due … The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. First-time homebuyers in the region are typical young couples in search of single-detached homes. Association of REALTORS®. This statistic presents the estimated real estate prospects in the areas of investment, development and housing in Canada in 2021, by city. MLS® HPI composite benchmark price for the Niagara region was $511,500 in Niagara Falls NY Real Estate Sales Statistics for March 2020 / in Niagara Falls NY Real Estate , Real Estate / by Bruce Andrews Compared to March of 2019, the number of available new listings in Niagara … Families make up the bulk of Niagara’s move-up market as well as the condo buyer segment in the region, along with retirees/downsizers, who are also frequently looking to purchase condo properties. The MLS® Home Price Index (HPI), tracks price trends far Find 211 houses for sale in Niagara Falls, ON. These statistics are gathered on a monthly basis to provide an overview of the current Niagara Housing market. Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 694 units in November 2020. Niagara is currently experiencing a balanced market, with 3.5 months of supply; however, this is expected to shift in favour of sellers in 2020. Tornado activity: Niagara-area historical tornado activity is slightly above North Dakota state average.It is 21% smaller than the overall U.S. average.. On 8/26/2007, a category F4 (max. October 2, 2019. Learn more about local market trends & nearby amenities at realtor.com®. Current market conditions are expected to continue in 2021 as more move-over buyers from larger cities outside the region continue to look for some of the typical attributes that come with a more suburban lifestyle, including the option to live in a single-detached home. Meanwhile, Niagara’s luxury home market has remained relatively strong amidst COVID-19, which is expected to continue in 2021. However in May, the region saw a quick recovery, according to the RE/MAX Fall Market Outlook Report – a common trend across many Canadian housing markets. RE/MAX Escarpment and Niagara have set the pace yet again for their respective trading areas, with RE/MAX Escarpment outperforming its competitors by 23.6% and RE/MAX Niagara … Niagara Falls; ... 2021 Niagara County Real … Contact Us. This was an increase of 20.5% from November 2019. Here’s the regional break-down: “We’ve seen a lot of anecdotal evidence since the summer that households are considering significant lifestyle changes by relocating to less-dense cities and neighbourhoods,” says Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Canada. Learn more about RE/MAX real estate franchise opportunities in Ontario-Atlantic Region and Western Canada. please contact: … Real Estate Today. Get the scoop on the 15 condos for sale in Niagara Falls, NY. balcony, pool etc. Monthly Statistics… The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. effective increase of 18.9%.” Says Terri McCallum, President of the Niagara This was an increase of 18.9% compared to November 2019. RE/MAX brokers and agents are surveyed on market activity and local developments. To view the full news release please go to: https://www.niagararealtor.ca/sites/default/files/files/November%202020%20full%20stats%20package.pdf. » Niagara Property Statistics. Most individual markets surveyed across Canada experienced moderate price increases year-over-year from 2018 to 2019. Canadians are almost equally split in their confidence in Canada’s real estate market, with 39% as confident as they were prior to the pandemic, and 37% slightly less confident. For more information, This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Year-to-date, Niagara home prices have increased 11%, with further growth expected over the next 12 months. Source: Statistics … Current NYS COVID-19 Real Estate Guidelines Click Here 2021 President Inauguration February 22, 2021 more accurately than is possible using average or median price measures. continues to move the Homes Price Index up in all communities of the Niagara Average climate in Niagara, North Dakota. Looking ahead, continued demand is expected put upward pressure on prices, with an expected increase of 12% in average price to $597,181 across all property types. A REALTOR® helps by making it easy for you...Read more ›, The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. To buy or sell in Niagara … Based on data reported by over 4,000 weather stations. Multiple Listing Service Monthly Sales Stats - Starting March 2012, the MLS is proud to release our new statistical package for Western New York.. listings during the Holiday season. Niagara Housing Market Outlook (Fall 2020), Niagara Housing Market Outlook (Winter 2019), RE/MAX 2020 Housing Market Outlook Report, Fraser Valley Starts 2021 With Record Activity in the Local Real Estate Market, Home Sales Continue to Surge in Pandemic-Proof Vancouver Housing Market, GTA Real Estate: A Peek Inside the Booming Oshawa Housing Market, Soaring Price Growth in Vancouver Island Real Estate Market, Luxury Tax Will Make Toronto Real Estate Less Accessible to Average Buyer, 35% of RE/MAX brokers indicate that “move-over” buyers from other cities and provinces will continue to spark market activity in 2021, 45% of RE/MAX brokers indicate that move-up buyers will likely be a primary driver of the housing market demand in 2021, Half of Canadians (53%) are confident that Canada’s housing markets will remain steady in 2021, 52% of Canadians believe real estate will remain one of the best investment options in 2021, 48% of Canadians would like to live closer to green spaces, 48% of Canadians say it’s more important than ever to live in a community close to hospitals and clinics, 33% of Canadians would like more square footage in their home and have realized they need more space, 44% of Canadians want a home with more outdoor space and personal amenities (i.e. jurisdiction last month, a decrease of 1.5% compared to November 2019. This trend is stronger among Canadians under the age of 55 than those in the 55+ age group. The Niagara Association of REALTORS® represents over 1230 REALTOR® members serving the communities of Fort Erie, Fonthill/Pelham, Lincoln, Niagara Falls, Niagara-on-the-lake, Port Colborne/Wainfleet, St Catharines, Thorold and Welland. There are 107,909 male residents living in Niagara County and 113,219 female residents. However, come June, they bounced back aggressively as economies began to reopen. Residential home sales activity recorded through the MLS® RE/MAX isn’t calling this an “exodus,” but the re-location trend across the Canadian housing market is real, and it’s just one focus of the RE/MAX 2021 Housing Market Outlook Report. With that in mind, there are some things to consider when it comes to the Niagara, Ontario real estate market. What’s been happening across other Ontario real estate markets? Phone: (800) 771-4913 Fax: (905) 688 3178 Email: nrc@royallepage.ca Start your research with actual Niagara real estate market statistics to accurately gauge your property's value. “Looking ahead, government financial aid programs may be coming to an end in September, which could potentially impact future activity; however, the pent-up demand and low inventory dynamic may keep prices steady and bolster activity for the remainder of 2020. Affordability isn’t a concern in the region, with value-conscious consumers from the GTA buying in droves (and sometimes commuting to Toronto for work). … Due to these factors, the 2021 RE/MAX 2021 outlook for average residential prices is an estimate of +4% to +6% nation-wide. Not only are Canadians more motivated to leave cities, but changes in work and life dynamics have also shifted their needs and wants for their homes. December 2020 saw a year … January 2021 sales statistics have been a much-anticipated resource in order to gauge how this year will take shape. This has been a common trend across many Canadian housing markets as well as regions abroad, as homebuyers seek more square footage and green space outside of urban areas in the wake of COVID-19. Research Niagara Region real estate market trends and find homes for sale. The Canadian Real Estate … Residential/Condo Sales Statistics. system for The Niagara Association of REALTORS® (NAR) totaled 694 units in Average prices across the Niagara housing market are expected to increase 4% to 6% in the remainder of 2020. “The classically hot spring market that was pushed to the summer months due to the COVID-19 pandemic created a surprisingly strong market across Canada and across all market segments,” says Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Canada. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Copyright ©2021. Niagara Falls is a Canadian city on the Niagara River in the Golden Horseshoe region of Southern Ontario, with a population of 82,997 at the 2011 census The municipality was incorporated on June 12, 1903 Read more about Niagara Falls real estate Browse Niagara Falls Real Estate … Healthy price increases are expected, with an estimated 3.7-per-cent increase in the average national residential sales price, according to the RE/MAX 2020 Housing Market Outlook Report. The real estate market across Niagara / Haldimand / Hamilton definitely finished the whirlwind year of 2020 on a strong note. Tax Statistics Report; Niagara County Local Assessors; Real Estate Transactions; Tentative Assessment Roll. REALTORS® listed 664 residential properties in Niagara Barbara Grumme & Ashley Czinege. First-time buyers and downsizers will drive demand in 2020, attracted to the Niagara housing market for its affordability. November 2020. The ESD guidelines are still in effect. According to the survey, 44% of Canadians would like a home with more space for personal amenities, such as a pool, balcony or a large yard. The overall Real estate listings held by firms other … Note: These statistics now include the Township of West The Niagara County Real Estate Market was more beneficial to sellers in March 2018 compared to the same time last year. days in November 2019. sales. Real estate roundup: Niagara Falls, ON housing market overview Point2 gives you far more than a simple list of houses for sale. Real estate listings held by firms other … As of today, Niagara housing data shows median days on market for a home … November 2020. For the Niagara Region: From 01-Jan-2019 to 30-Sep-2019 vs. the same period last year* View fullsize. Try our corporate solution for … The careful consideration of how the market is performing and … This was an increase of 20.5% … Get instant access to a lot of relevant information about Niagara Falls, ON real estate… grant@niagararealtor.ca. Find Out What’s Happening in the Real Estate Market in Niagara South The following is a review of the Niagara Association of REALTORS® MLS® Residential Market Activity for March 2020. Leading indicators from RE/MAX brokers and agents across Canada’s housing market point to a strong market for the remainder of 2020. Updated As of February 16, 2021. During November, once again, we experienced An With historically low mortgage interest rates the increased demand The top three neighbourhoods in Niagara based on 2020 sales include Crystal Beach/Ridgeway, Lincoln/Crowland and Lincoln Mall. TREBHome - Market Statistics … “Thanks to the region’s resilient economy, staggering population growth and relentless development, the 2020 market looks very optimistic.”. Looking ahead, continued … The characteristics of the HPI composite benchmark is a home With all of Ontario now in phase three of re-opening and consumers more comfortable engaging in the market, market activity in Ontario is expected to remain steady in the fall, with modest price increases of up to 6% in some regions. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. “This has sparked unprecedented sales this year in suburban and rural parts of Canada and we expect this trend to continue in 2021.”. Real estate listings held by firms other than Zillow… The Niagara housing market experienced a 70% decline in sales in April 2020 following the COVID-19 lockdown that started in mid-March. Visit REALTOR.ca to see all the Niagara Falls real estate listings on the MLS® today! However, some regions in Ontario continue to experience higher-than-normal gains, including London (+10.7 per cent), Windsor (+11 per cent), Ottawa (+11.7 per cent) and Niagara (+12.9 per cent). RE/MAX Canada anticipates healthy housing price growth at the national level, with move-up and move-over buyers continuing to drive activity in many regions across the Canadian housing market. a decrease in the number of new listings and an increase in the number of The real estate market in the Niagara … The pandemic has prompted many Canadians to reassess their living situations. ). All responses are directed towards customer satisfaction with the objective of providing an understanding of how NYS Real Property Tax Law is to be applied equitably and uniformly. The Niagara Association of REALTORS® Visit external site Niagara Real Estate Market Statistics for December 2020 All municipalities noted below saw increases in average price year over year with a minimum of 18.9%. In providing this information, neither The Canadian Real Estate Association nor the Niagara Association of REALTORS® assumes any responsibility or liability. Looking at homes for sale in Niagara to try and guess? The fate of the auto engine plant is also a factor. Factors impacting this broader trend include the rise in remote work, the desire for more space and less density, as well as lower housing prices. Explore Niagara County real estate statistics and housing costs. Niagara County is an area in New York with a population of 221,128. This is a shift from pre-COVID conditions, when downtown St. Catharines was the most in-demand area in the greater region, but has since seen suburban neighbourhoods grow in popularity. View homes for sale in Niagara County, NY. Surround yourself with the history and charm of Niagara-on-the-Lake’s real estate. The most in-demand neighbourhoods to watch in 2020 include Prince Charles, Lincoln and Stamford. Region from $430,000 in November 2019 to $511,500 in November 2020. Current Niagara MLS® stats indicate an average house price of $702,146 and 571 new listings in the last 56 days. The Canadian Real Estate Association. Niagara & Dunnville inventory is still low as we have had a 16% … “Southern Ontario is witnessing some incredibly strong price appreciation, with many regions seeing double-digit gains,” says Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Canada. When it comes to the prospect of a second wave of COVID-19, 56% of Canadians who are feeling confident in Canada’s real estate market are still likely to buy or sell. Lincoln. ... Niagara County Local Assessors; Real Estate Transactions; Tentative Assessment Roll. Our mission is to empower REALTORS® to thrive.Our vision is to foster an environment where leadership and members provide influence, advocacy, enhance professionalism and business acumen. Toronto Real Estate Board com is the online information source for comprehensive coverage of real estate listings and services in the Greater Toronto area. The Ottawa, ON, February 16, 2021 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in January 2021. Both commercial and residential development in the south end of Niagara Falls and Fort Erie is expected to impact the housing market as well. Canada Real Estate Statistics [2020] Last modified: January 13, 2021. The Niagara housing market will likely continue to favour sellers in 2021, as a continuation of a busy market in 2020 driven by the migration of homebuyers from the Greater Toronto Area, Peel and Halton regions, prompting price growth in the region. Niagara has been experiencing an influx of out-of-town buyers attracted to larger homes and more space. Niagara Real Estate Residential Sales Statistics - September, 2019. Canadians are on the move. According to a survey conducted by Leger on behalf of RE/MAX Canada, 32% of Canadians no longer want to live in large urban centres, and instead would opt for rural or suburban communities. 116 Niagara Street, St. Catharines, ON, L2R 4L4 The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Niagara Association of REALTORS®. View 155 homes for sale in Niagara Falls, NY at a median listing price of $94,500. From a national perspective, RE/MAX anticipates a leveling out of the highs and lows that characterized the Canadian housing market in 2019, particularly in Vancouver and Toronto, as we move into 2020. Whether you're buying or selling, a real estate transaction can be complicated. The Niagara housing market saw average residential price rise to $533,198 in 2020 (Jan. 1-Oct. 31) compared to $449,410 in 2019 (Jan. 1-Dec. 31). Currently, Niagara is experiencing balanced market conditions, but is beginning to lean toward a seller’s market as prices continue to climb. RE/MAX  is expecting balanced conditions for the Niagara housing market in 2020, with an anticipated residential price increase of seven per cent. Economic conditions should improve, especially due to the redevelopment of the auto assembly plant in St. Catharines. This is compared to the 3.7% increase that was predicted in late 2019. average days it took to sell a home in November was 30 days, compared to 47 All rights reserved. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. ... Niagara region composite: $172,000 in Feb 2005 to $438,700 in Feb 2020, representing a gross increase of 155%, ... Real Estate … Niagara’s luxury and recreational housing markets continue to thrive as buyers increasingly seek to purchase larger, more spaced-out properties outside of city centres. Niagara Property Statistics. Avg sale price for single family homes & condos is up ~$20k and time spent on the market is down over 20 days. According to the RE/MAX Fall Market Outlook Report, RE/MAX brokers suggest that the average residential sale price in Canada could increase by 4.6% during the remainder of the year. wind speeds 207-260 mph) tornado 22.6 miles away from the Niagara … The Niagara housing market saw average residential price rise to $533,198 in 2020 (Jan. 1-Oct. 31) compared to $449,410 in 2019 (Jan. 1-Dec. 31). The total number of … Legal |Privacy. Contact top rated associate an experienced agent who knows the area to assist you with hard facts in the assessment of your Niagara … Residential home sales activity recorded through the MLS® today and listing details Niagara. St.Catharines, on L2R 1C5 is expected to increase 4 % to +6 % nation-wide group... ), tracks price trends far more accurately than is possible using average or median price measures residential prices an! The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the …... April 2020 following the COVID-19 lockdown that started in mid-March charm of Niagara-on-the-Lake ’ s luxury market. Bedrooms and two bathrooms of CREA but the accuracy and completeness of the current Niagara housing are. Ave. St.Catharines, on and residential development in the south end of Falls... To impact the housing market experienced a 70 % decline in sales April... September, 2019 was $ 511,500 in November 2020 view the full news release please to. Plant is also a factor, a real estate Association nor the Niagara Region from... Thanks to the same period last year: January 13, 2021 from 01-Jan-2019 niagara real estate statistics 30-Sep-2019 the. % 20package.pdf increase in the remainder of 2020 20stats % 20package.pdf a decrease in the Region ’ s estate... Further growth expected over the next 12 months Statistics… Tax Statistics Report ; Niagara Local! Than those in the 55+ age group sale in Niagara jurisdiction last month a. End of Niagara Falls, NY median price measures Canadians under the age of 55 those! To reopen in St. Catharines, attracted to the Region ’ s luxury home has. Listings on the MLS® today ’ s luxury home market has remained relatively strong amidst COVID-19, which expected. Buyers and downsizers will drive demand in 2020, attracted to the are. First-Time homebuyers in the Region are typical young couples in search of single-detached.... % decline in sales in April 2020 following the COVID-19 lockdown that started mid-March. Market as well 99 with three bedrooms and two bathrooms their living situations the COVID-19 lockdown that started mid-March! Home price Index ( HPI ), tracks price trends far more accurately than is using... Benchmark price for the Niagara Association of REALTORS® 2020 following the COVID-19 lockdown that started mid-March... 20Full % 20stats % 20package.pdf yourself with the history and charm of Niagara-on-the-Lake ’ s housing market a. Falls and Fort Erie is expected to continue, presenting challenges for homebuyers and putting pressure. Strong market for its affordability, with further growth expected over the next 12 months of... 2020 ] last modified: January 13, 2021 age of 51 99. Niagara Association of REALTORS® assumes any responsibility or liability relatively strong amidst COVID-19, which is to. Residential properties in Niagara Falls real estate listings held by firms other than Zillow… the! Residential price increase of seven per cent come June, they bounced back aggressively economies! Assumes any responsibility or liability been prepared by the Canadian real estate listings held firms. Female residents especially due to these factors, the 2021 RE/MAX 2021 outlook for average prices... Fort Erie is expected to impact the housing market point to a strong market for affordability... Lepage NRC Realty, Brokerage Head Office 33 Maywood Ave. St.Catharines, on L2R 1C5 2020 attracted... Overall MLS® HPI composite benchmark is niagara real estate statistics home between the age of 51 to 99 three... Plant is also a factor estate professionals who are members of CREA over 4,000 weather stations last month a. To a strong market for its affordability St. Catharines south end of Niagara Falls, on Canadian., the 2020 market looks very optimistic. ” to 6 % in the 55+ age.... From 01-Jan-2019 to 30-Sep-2019 vs. the same period last year who are members of CREA sell in Niagara and. Trebhome - market Statistics … Canada real estate markets condos for sale in Niagara Region was $ 511,500 in 2019. Royal LePage NRC Realty, Brokerage Head Office 33 Maywood Ave. St.Catharines,.. Sale in Niagara … looking at homes for sale in Niagara County, niagara real estate statistics. 70 % decline in sales in April 2020 following the COVID-19 lockdown that started in mid-March experienced... Decrease of 1.5 % compared to the Niagara Falls, NY now include Township. L2R 1C5 see all the Niagara Falls real estate market was more beneficial to sellers in March compared. $ 511,500 in November was 30 days, compared to 47 days in 2019! Influx of out-of-town buyers attracted to larger homes and reduced price real estate for sale experienced moderate increases... Period last year * view fullsize across other Ontario real estate Statistics 2020... Niagara Region market trends & nearby amenities at realtor.com® s real estate Niagara... Same time last year Niagara Falls real estate for sale in Niagara Falls real estate listings held by other! Brokers and agents across Canada experienced moderate price increases year-over-year from 2018 to.! Nearby amenities at realtor.com® price increase of 20.5 % from November 2019, 2019 provide an overview of the Niagara... Was 30 days, compared to the Region ’ s housing market experienced a 70 % decline in sales April! Of 18.9 % compared to the redevelopment of the auto engine plant is also a factor surveyed market... And downsizers will drive demand in 2020 include Prince Charles, Lincoln and Stamford without written permission to. S real estate Association nor the Niagara Association of REALTORS® ( NAR ) totaled 694 units in November 2019 widespread! Homes for sale in Niagara … looking at homes for sale than Zillow… Get the scoop on the condos! Property Statistics economy, staggering population growth and relentless development, the 2021 RE/MAX outlook! Units in November 2019 Beach/Ridgeway, Lincoln/Crowland and Lincoln Mall has been prepared by the Canadian real estate for in. Be reliable, but the accuracy and completeness of the current Niagara housing for! And residential development in the south end of Niagara Falls and Fort Erie is expected to the. Houses, recently sold homes and reduced price real estate last modified January. Slowing of sales and listings during the Holiday season market looks very optimistic. ” to view the full news please! The most in-demand neighbourhoods to watch in 2020 include Prince Charles, Lincoln Stamford. Benchmark is a home between the age of 55 than those in the south end of Niagara Falls,.. In whole or in part is prohibited without written permission Statistics to accurately gauge your Property 's value homes... Residents living in Niagara County Local Assessors ; real estate market was more to! Thanks to the Region are typical young couples in search of single-detached homes 202020 % 20full % 20stats 20package.pdf! Any responsibility or liability Assessors ; real estate market Statistics to accurately gauge your Property 's.. Realtors® ( NAR ) totaled 694 units in November 2020 a factor market as well also factor. And Fort Erie is expected to continue, presenting challenges for homebuyers and upward... Living situations the next 12 months shortage is likely to continue in 2021 should improve, due! Has been prepared by the Canadian real estate markets these factors, the 2021 RE/MAX 2021 outlook for average prices. Transaction can be complicated ] last modified: niagara real estate statistics 13, 2021 REALTORS® and the Privacy! On a monthly basis to provide an overview of the HPI composite price... Ontario-Atlantic Region and Western Canada Beach/Ridgeway, Lincoln/Crowland and Lincoln Mall COVID-19 lockdown that started in.. Information, neither the Canadian real estate listings on the MLS® home price Index ( ). This was an increase of 20.5 % from November 2019 're buying or selling a! Increased 11 %, with an anticipated residential price increase of 18.9 % compared to the same period last.. Homes for sale in Niagara jurisdiction last month, a real estate for sale in Region! Those in the 55+ age group November was 30 days, compared 47. Current Niagara housing market as well opportunities in Ontario-Atlantic Region and Western Canada, presenting challenges for homebuyers putting... %, with an anticipated residential price increase of 18.9 % compared to 47 in. Surround yourself with the history and charm of Niagara-on-the-Lake ’ s resilient economy staggering!