"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
EY survey shows significant increase in usage over the past 2 years
There are pros and cons of the rise of technology in the CRE space
It adds more than 1,000 real estate professionals to the global firm’s headcount
But there are headwinds that could make the rebound shortlived
24% year-over-year rebound for BC home sales in September
The members of the council were re-appointed by the provincial government
The Accessible Trick or Treating program is going nationwide
Economists say the province's robust economy has weathered the storm
WeWork removing booths over chemical scare, reportedly scrapping key development, laying off workers
Statistics Canada figures show rise in full-time, core working age roles
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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