"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
Sources say talks are ongoing between the two institutional investors
And confidence in the Prairies is at a 12-month high while still lagging national sentiment
Markets in the West are still seeing decreasing or slow growth
Reaction to parties' commitments to tackle housing issues
Statistics Canada says that overall residential construction investment was up
The firm has announced innovative product
Real estate firm has appointed a new managing director for Toronto
Toronto is well placed to one of the success stories according to JLL
July figures were up slightly from June but flat year-over-year when seasonally adjusted
The men have received lifetime bans from BC securities regulator
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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