"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
Overall value of permits issued was higher nationally
Women are facing an increasing burden of debt
The firm has acquired a Phoenix retail brokerage practice
Report highlights challenges for growing city with fast-rising home prices
Organization says its research found demand for more information
The banking group has announced the move in support of World Mental Health Day
Canadian firm now has an office in San Diego
Greener, efficient buildings key to city’s climate change action
Official data shows insolvencies were higher year-over-year
Since 1994, the annual event has helped more than 385,000 people
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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