Mortgage broker Daniel Johanis says affordability on mortgages originated with the Big Five will decline as the OSFI implements another stress test that will take effect as of June 1.
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
Vancouver was heating up last month while Toronto is facing supply challenges
Firm says it will lead to enhanced connectivity for the CRE industry
Apple is the latest to commit to helping tackle the shortage of homes in its Bay Area homeland
Lender joins with United Way and the City of Toronto for pilot scheme
October sales soared more than 37% compared to a year earlier
Equitable Group posted record third quarter earnings
BetterHomesTO will help homeowners make their properties more energy efficient
October home sales were up 45% from a year ago
Absorption rate rises to 2-year high as pre-sale unit launches drops
Significant share say they are stressed by their daily commute
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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