"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
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
Home sales were 11% higher than a year ago according to OREB data
New Statistics Canada research shows low income earners more likely to co-own with non-residents of Canada
Survey reveals that near-record investment in Canadian commercial real estate is driving sentiment
BCREA leading indictor slipped from previous quarter but was in line with year-ago conditions
Is this deal too good to be true? Of course it is!
The platform simplifies building supplies procurement for property managers
Real estate leaders are calling for more transparency on energy and carbon data
The banking group is set to axe 5% of its workforce
The market's home buyer activity is at more historically typical levels
The bank has joined The Valuable 500 initiative
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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