Covid has been affecting Canadian businesses since March. We’ve seen smaller stores close, larger chains reducing their number of locations and the prices of some items shoot through the roof. Lumber is one of those items. If you’ve recently tried to build a fence or replace a deck, you’ve likely seen a change in prices; and potentially had a difficult time finding lumber in the first place. So, how is this lumber shortage affecting home prices?
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Industry Changes – CMHC Guidelines
It’s no surprise that Covid-19 has affected the globe and the mortgage industry is not exempt from this. Job loss, business closure, lack of immigration has all played a role in impacting the housing market.
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