"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
Groundbreaking ceremony held for new development
Wealthy homebuyers will pay a lot to live in Long Island beachfront towns, but they have a limit
Poll reveals those who love smart home technology are buying more
Survey reveals more loan applications are made online as smartphone and tablet usage grows
The real estate firm's people will be helping in their communities Thursday
$25 million in grants will be delivered to non-profit organizations
Sales were lower across all four major regions in September
Cushman & Wakefield says transaction activity has "exploded" in recent years
Canadian real estate investment trust has a new leader, new acquisitions
But most homeowners are not prepared survey reveals
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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