"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
Canadian-headquartered firm has appointed four principals
Sotheby's International says solid fundamentals are supporting the market
Probably not in its current form says BCREA Economics
And average Canadians were working slightly less hours
Two towers will provide 1,750 new homes and transform the city's skyline
RBC Economics report says rents are reaching uncomfortable highs
Report acknowledges inefficiencies of the decades-old process
The lender has made Dow Jones' shortlist of 25 banks in the annual rankings
The firm had set itself a challenge to sell out at the best price in the shortest time
Economists do not expect any change in BoC rates in the near term
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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