"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 organization says that Canada's economy faces challenges
Real estate firm says Canadians will be heading to physical retailers
A great business idea could get you a new building
The city's tax was launched 3 years ago and has also help cut vacant property numbers
Data should support view that interest rates will be on hold for now
The firm says it needs to close underperforming stores to maintain long-term stability
Credit union is the first winner of the Best Credit Union honour
National HPI was in line with long-term trends with slight dip
The bank is offering several new product lines to business customers
Report sees growth for secondary cities and suburban markets
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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