Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
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
City calls for policies in place to help unemployed tenants
There was a surge of claims over the weekend according to a new report
With the virus outbreak only just beginning, more disruption is expected
ADP Canada has reported the latest stats showing an overall gain in employment
Ivanhoé Cambridge says it will help alleviate the financial burden of retailers
The unknowns of COVID-19 mean that this could just be a blip
National home price index shows prices continued higher in February
People are worried that their finances will worsen
Despite weaker outlook for the housing market, there will be some seizing the opportunity
The REIT says that it is well-capitalized and able to meet the current challenges
He is expected to bolster benefits and provide financial support to avoid businesses laying-off staff
Provincial real estate board sets out scenarios amid "eerily quiet" economic activity
Canada's largest lenders are working together in response to the COVID-19 outbreak
The real estate portal says searches are down almost 40% this month
New York-based REIT has filed a lawsuit against the bank
Canadian 'Big Six' bank says digital channels are a safer option
Five US real estate bodies have asked mayors and governors to include them in COVID-19 exemptions
The crown corporation says that it is financially prudent in the current circumstances
The new rental supplement will be paid directly to landlords
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