"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
The firm will provide services for the residential broker channel in Ontario and Atlantic Canada
CREB says that year-to-date sales are slightly up from last year thanks to attached sector
Canadian Big 6 bank acknowledged for its investment in digital and technology
The real estate association brings together prominent advisors from across the industry
2020 is set for a more balanced market says RE/MAX
Most economists are forecasting a hold in Canada despite stats
Affordability in the region was a key topic
There was a 13% increase in consumer insolvencies compared with the previous month
Councillors have voted for a phased increase in the Empty Homes Tax
Economist Benjamin Tal sees continued challenges at a regional level
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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