"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
Statistics Canada reports growth for residential and non-residential sectors
New national home price index shows gain but its below the long-term average
Gasoline prices helped offset increases in other costs
Building achieves standard for focus on employees' wellbeing
Despite the increase of more collaborative workspaces, workers don't want them
TREB says that it expects continued strong investment across all segments
Future generation are more likely to have a lower standard than higher
The network has launched 18 new technology tools and plans more
Lender's economic outlook shows Quebec will be the 2019 leader
Gain from last year driven by strong labour market and economy
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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