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
Prices have decreased though ahead of the spring buying season
The government has announced a flat rate green levy and reduced PST
Low interest rates are fueling demand, but can the industry keep up?
Equifax Canada reports that consumer debt is feeling the chill
With an estimated 1 in 5 Canadians aged 65+ by 2024 homebuyers are concerned
The market saw an increase in February of 38% year-over-year
Current CEO will lead the firm's strategy and consulting division
Sales were up with condos showing particular demand
BCREA says that all regions declined but the taxes had significant impact
The global firm's affiliates sold a record $114 billion last year
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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