WHAT IS HAPPENING IN THE REAL ESTATE MARKET IN AMIDST OF COVID-19?


The world had changed significantly in the past year. The COVID-19 outbreak has created a new reality for all of us, at least temporarily.

Many of you are asking questions – how are home values affected? Is this a good time to buy or sell? Are realtors still working? We will continue to answer these and other questions for you – if you have a specific question please feel to reach out to us - WE ARE HERE TO HELP!

Real Estate has been acknowledged as an essential service by the Ontario Government – but it is NOT business as usual. Our priority is to stay safe and to follow all of the government guidelines to flatten the curve, in order to keep everyone safe. 

We have implemented a high standard of safety in how we conduct our business so we can all be safe and stay healthy. Please call us if you want more details of our “safety first approach” or if you need immediate professional real estate assistance.

The main question we are being asked is: How has Covid-19 affected my home value?  We were very unsure when the pandemic started as to how home prices would be effected.   Home prices, particularlly detached homes, have gone up considerably since the pandemic started.   Prices outside of the GTA also have increased considerably.  The pandemic has also brought changes to what buyers are looking for.  Our home has become our everything - our workplace, our school, our gym, our restaurant and are entertainment space.  

Let’s all do our part! Be Home. Be Safe. Be Healthy. We hope to see you soon.

Remember, we’re all in this together. Stay positive and know that things will get better!

Heather and Ross

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