Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
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
Rob McLister believes there are a lot more rate changes in the pipeline
Lender becomes the Canadian bank to introduce digital government identity verification solutions
Average 30-year rates have ticked higher but remain at historic lows
But economists expect the government to act to avoid one
Scotiabank and TD took action Wednesday and CMHC issued bonds
160 new affordable homes will be built by the city in association with BC and the Vancouver Aboriginal Friendship Centre
Real estate firm is to acquire controlling stake in leading US firm
The chief executive of Canada's largest lender says government stimulus is also required
PIMCO is to assume oversight of Allianz Real Estate
Empress Theatre has been inaccessible for decades but new project will include affordable housing
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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