"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
Sales in September improved as listings, inventory eased
But they do know the square footage and when it was built
Deputy steps up to succeed Cameron Muir
Vancouver is also at risk but has seen some improvement
Affordability of living in Canada is a major struggle for many study shows
Morneau Shepell survey reveals wage rises in 2020 should beat this year
Fastest rising population ever reported by Statistics Canada
The debate will take place in Ottawa this weekend
Toronto-based partners will leverage smart AI and direct lender relationships
Survey shows cautious optimism in the market for the next 12 months
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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