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The Bank of Canada's policy rate increase to 4¾% could cool the real estate market due to higher mortgage rates. However, strong economic growth and a tight labour market may offset this. While the rate hike introduces some uncertainty, robust economic fundamentals suggest a resilient real estate market.
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
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
The real estate portal says searches are down almost 40% this month
BC Real Estate Association says collaboration is the key to tackling the issue
Conference Board of Canada says there will be an impact but it's too early to know more
A Zillow analysis suggests the best time for listing a home for sale
Dotloop integration will improve functionality for Ontario real estate agents
Toronto-based Blue Elephant joins the international real estate brokerage network
The Equitable Bank headquarters is due to be ready in 2022
The Ethisphere World's Most Ethical Companies in 2020 rankings have been published
There was a 7.9% increase in sales of newly-built single-family homes in January
Ratings firm says the move could spark higher risk of defaults
Ontario's largest credit union says it will ensure its growth and sustainability
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
The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms
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