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There have been a lot of questions about the state of the commercial real estate industry in the last two years. With more people working from home offices and retail storefronts closed to the public, the industry is in a period of transition. Despite these obstacles, there’s good reason to remain optimistic about the future of commercial real estate. Let’s take a look at some of the challenges and opportunities in today’s industry. First, some...

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The Bank of Canada (BoC) released its latest Monetary Policy Report (MPR) last week, and the outlook is optimistic. With the economy re-opening, vaccinations on the rise, and supply chains finding relief from the bottleneck they’ve experienced, the future looks promising. What impact does the MPR have on you? What are the implications for mortgages? Let’s take a look at some areas of particular interest. Some general points While the economy may be starting to...

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The pandemic has changed the way we do business. Between home offices and Zoom meetings, our daily engagements have felt a seismic shift. While some of these changes are temporary fixes, others could prove to be the new normal. If you’ve bought or sold a property in the last year, you’ll recognize some of these changes right away. From virtual open houses and appointment-only viewings to online meetings with banks and lawyers, you might question...

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Now that there appears to be a (somewhat distant) end to the COVID-19 pandemic on the horizon, you can’t help but wonder about all the things that may have changed too much to go back to the old status quo. Sure: with enough time, our comfort with human contact and general proximity to other people will most likely revert to pre-pandemic levels–that’s pretty much a given. But other societal shifts such as remote working and...

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“There’s no place like home”, although with the way things are going, perhaps “there’s no place but home” is more accurate. Shelter-in-place, stay-at-home, quarantining, self-isolation – however you want to slice it, we’re all stuck in our homes whether we like it or not. With COVID-19 case counts rising in some regions, that doesn’t appear to be something likely to change anytime soon, either. But there are silver linings even to these dark, dark clouds....

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If there is one word that defines life in 2021, that word is change. How much and for how long is uncertain. And while some changes may be temporary, many may be here to stay. How will all of this change impact the real estate industry? Some key trends have emerged that bear closer scrutiny. Residential real estate With more and more people working from home and the potential of many continuing to do so...

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By this point in 2020, the broad beats of this pandemic have been pretty thoroughly played out. While we face continued uncertainty about how much longer we’ll have to live with this virus, the changes it has wrought on our lifestyles and living situations are quite apparent. We now know working and learning remotely are likely going to be prominent parts of the months (perhaps years) to come, even once we’re out of the woods....

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Five major cyber threats to real estate businesses While many industries have struggled to navigate the changes brought on by the pandemic, the real estate industry has continued to thrive. Although real estate has found ways to combat many of the unforeseen threats of COVID-19, cyber risks continue to be a heightened concern. Remote business operations have presented new digital vulnerabilities that, if left unprotected, can have disastrous and costly consequences on Canadian real estate...

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There’s a simple answer to that question, with a somewhat counterintuitive explanation. How has COVID-19 affected housing sales? Well: housing sales have hit record highs, with housing prices closely following suit in July and August. From the looks of things, I’d say that far from hindering the housing market, the pandemic has actually boosted it. While that alone is a remarkable testament to the resilience of the Canadian real estate market, the factors contributing to...

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As we approach the end of 2020, much of the country is still contending with the pandemic. As some provinces approach zero-cases, others are beginning to see daily COVID-19 cases rising at discouraging rates. This has considerable implications for people’s health, livelihood, and homes. Self-isolation and quarantine requirements have made stable (and accessible) accommodation more important than ever – something that has been addressed in different ways across the provinces. In light of that, the...