"How do you fix supply? That’s a really difficult question because of the amount of time it takes and the cost inputs," says Dustan Woodhouse, president of Mortgage Architects.
At the beginning of the year, no one really knew what would lie ahead for the real estate industry (or any industry for that matter) due to COVID-19. Even experts were stumped on what would happen to the Canadian housing market and what trends they would expect to see.
Several factors are expected to offset the headwinds resulting from the outbreak's impact on the economy, study shows
The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms
Just one major region reported lower sales according to the NAR
The commercial mortgage market could face decimation from COVID-19 outbreak
A Singapore asset firm was due to acquire the fund's 50% stake in a London development
The new rental supplement will be paid directly to landlords
The crown corporation says that it is financially prudent in the current circumstances
Five US real estate bodies have asked mayors and governors to include them in COVID-19 exemptions
New York-based REIT has filed a lawsuit against the bank
Canadian 'Big Six' bank says digital channels are a safer option
The real estate portal says searches are down almost 40% this month
With the virus outbreak only just beginning, more disruption is expected
There was a surge of claims over the weekend according to a new report
City calls for policies in place to help unemployed tenants
The provincial real estate body's new president aims for stability
Ontario Real Estate Association is urging the use of technology instead
The firm is suspending Zillow Offers in the US but will keep marketing inventory
The impact of job losses from the COVID-19 outbreak is happening now
But Statistics Canada has reported a gain for the non-residential sector
Conference Board of Canada sees recession both sides of the border
Sales were strong before the COVID-19 outbreak
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