Municipal governments are starting to put green standards in place for developers and builders to follow to help protect the planet. But will it really work?
Canada’s economy is expected to suffer at least short-term impact from the COVID-19 coronavirus outbreak and will require more than simply interest rate cuts.
That’s the assessment of RBC Chief Executive Officer David McKay who said Tuesday that the global economy will be weakened by the virus crisis and governments will need to collaborate to offset the decline.
“I don’t think purely monetary rate cuts are going to satisfy the disruption that’s coming out to corporate cash flows and consumer cash flows,” McKay told Bloomberg, urging a coordinated response between rate cuts and “effective and targeted stimulus.”
Speaking to attendees of the RBC Capital Markets Global Financial Institutions Conference in New York – a webcast instead of the planned physical event due to the virus – McKay said that if the unlikely event that negative interest rates are implemented in North America, it would be painful from an investment perspective.
Prolonged impact McKay set out three scenarios including the virus being under control with four to six weeks, leading to a smaller hit to economic growth; a 6-8 month period of disruption; and the worst-case scenario of a prolonged period of turmoil.
“You’ve got to think along those lines and think through your strategies as a business in that context, because I don’t think any of us really know yet which of those variations and hybrids of those scenarios are going to come into play,” he said.
The survey shows that buying a home in a major city centre has risen 5% since last year.
The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.
Coming to Toronto May 14-15 is an in-person event discussing multifamily investing and the benefits it can have for new and experienced investors.
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Many Torontonians and GTA investors perceive Windsor in a different light. But the reality is, it's a growing city that has much to offer investors, homebuyers, students, immigrants, and retirees alike.
While Calgary has continued to increase in popularity, prices have remained steady unlike in markets like Toronto and Vancouver. It holds many benefits for investors.
The Scott McGillivray Real Estate Fund helps people understand passive real estate investing. Scott McGillivray himself has been speaking to people about how to invest in real estate for over 15 years.
From February 2022 to April 2022, there have already been significant price decreases. However, that doesn't mean affordability is around the corner.
According to OSFI, the real estate market in Canada has seen a massive run-up resulting from low-interest rates and supply/demand imbalances.
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