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
The banking groups lead rankings from Kantar Canada and WPP
Despite tough times for WeWork, real estate leaders are confident
The National Building Code of Canada is set for an upgrade
City becomes the first in North America to publish a comprehensive plan
Ontario home warranty provider will require greater disclosure and information sheets
The bank wants to develop the future of financial management
Blackstone Group, Prologis are leading the race to acquire prime space
Non-bank mortgages totaled $325 billion at the end of the first quarter of 2019
BILD reports 73% jump in new home sales from a year earlier
New report shows how businesses are impacted by property taxes
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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