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
But there will only be a short-lived sweet spot in markets such as Florida
RBC senior economist Robert Hogue gives his latest housing market assessment
The program is among several measures to shore up finances of lenders and businesses
Banks, real estate firms, and industry bodies are working fast to protect the market
Despite the coronavirus outbreak, the investigation remains on track
Changes to the B-20 guidelines will have to wait due to COVID-19
And CEO Evan Siddall says it’s business as usual despite the virus
New data shows the multi-billion dollar contribution made to the economy
Overvaluation may be as high as $34 billion says a new study
The central bank says it will protect interbank funding and financial stability
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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