This new coronavirus has
brought life to a near standstill, cancelling gatherings large and small,
closing most businesses and keeping people at home. There’s no doubt, this experience is
unparalleled in our lifetimes. Things are changing daily with government
recommendations at the federal, provincial and municipal levels. People must
surely be wondering, just when will things be returning to normal and what
about the Real Estate market?
A FEW CURRENT
FACTS
·
The Real Estate industry has been deemed an essential service
by the Province, but pressure is on brokers and realtors to create protocols to
protect buyers, sellers and agents.
·
Properties are still being sold and contracts are
still being written, brokers are encouraging that trades should only be done if truly urgent and be done virtually with no in-person meetings. If physical meetings are absolutely
necessary, then the individuals must follow social distancing guidelines with safe meeting protocols.
·
There is still a very low housing inventory in
Muskoka and Simcoe.
·
The price of gas in Ontario and the world is at an
all time low.
· Mortgage
rates are as low as they have been in years.
·
The Canadian Mortgage and Housing Corporation is
showing more flexibility in their dealings with their insured mortgages.
·
The Canadian economy has always demonstrated good resilience in the past.
·
In Canada and in the United States, the governments have
introduced measures that not only address the pandemic but also stimulate the
economy.
·
Digital marketing today for listings and searching
capabilities for buyers has never been easier than it is right now.
· Remember your
professional Realtors are able offer your stability and comfort knowing your
real estate needs are still being met in a safe and responsible manner.
Stay healthy and safe!
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