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Real Estate In the Time of Covid: A CHANGE maybe coming: April 2021 sales down 14% from March 2021

May 6th, 2021

Home buyers continued to buy homes at amazing rates last month. We saw the highest recorded monthly sales for April in history; HOWEVER sales were not as high as they were in March 2021.

While April was still insanely good for sellers, sales were down SUBSTANTIALLY from last month. April 2021 sales were down 14 percent when compared to sales in March 2021. Over the last 10 days this slight s ...

BREAKING NEWS: Real Estate Market likely impacted if this goes ahead.

April 9th, 2021

As many of you know, in the past the implementation of the "mortgage stress test" had a significant negative impact on the real estate market. The stress test reduced the amount buyers could spend on homes and took some buyers out of the market altogether.

This was just announced today https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/b20-nr.aspx

A few hours ago, the Superintenden ...

Real Estate In the Time of Covid: Another Record Crushing Month!

March 4th, 2021

It can't last forever but it has lasted another month. February 2021 exceeded all expectations: the market has continued to be extremely hot due to low interest rates, lack of homes to meet buyer demand and strong desire on the part of buyers to get into or move up in the market. This buyer desire TO move during Covid seems to be colliding with a seller desire NOT TO move until after Covid. W ...

It's that time again: Property Assessments are in your mailbox!

January 19th, 2021

It's that time again: Property Assessments are in your mailbox!

 

The calls have started to come in: People have received their annual property assessments. Every year people ask what their property assessments mean. The key thing to note: Assessed values are not a reflection of market value.  Market value is what a buyer will pay; assessed value determines your taxes.  Assessed vs. Market ...

Real Estate In the Time of Covid: December 2020; 2020 Recap; and What Now?

January 6th, 2021

Well 2020 is over and I have to say I am not sure why people are so excited. We still have Covid; numbers are still not good; sadly people are still dying.... so 2021 has hope but so far it doesn't seem a lot better than 2020!

On the real estate front, there have been a lot of predictions about what 2021 will hold for the market. Most of the "reputable" sources seem to think that we could see ...

Multiple Offers: the Lottery Win for Home Sellers

August 31st, 2020

Lately we have been receiving multiple offers on a number of properties in all price points. This happens when there are more buyers for a property than there are comparable properties to buy. The best thing about multiple offers is that they pretty much guarantee that sellers receive MORE than what the market value of their home should be AND fewer subjects: The Lottery Win. 

In multi ...

Re: Real Estate in the time of Covid: Unusually great July... could we see a busy August?

August 11th, 2020
We have seen the market rebounding strongly the last few months and July continued that trend.
 
The supply/demand equation continues to favour sellers with buyers still wanting to buy, but the supply being much lower than buyers would like to see. We have continued to receive multiple offers on many properties-although in a lot of cases (unexpectedly) the offers still came in under asking ...

Re: To Video or Not to Video, that is the question...

April 24th, 2020

Over the past 2 weeks I have had 2 people ask me whether we should be posting videos for our properties now that Covid-19 is restricting showings to a certain extent. This is a great question and I assume if 2 people are asking it, 200 are likely wondering! So here is the answer.

I used to do videos for all of my listings...for years.....That was until I attended a course at the annual USA ...

Response to Questions about my Covid-19 Article

March 27th, 2020

Hi,

I would like to respond to some very valid questions I have received in response to my article earlier regarding how we will handle our business during the Covid-19 crisis.

I personally believe that we would be well served to not only do physical distancing (and quarantine for some of us!) but to have a complete lock down of our country right now (other than essential serv ...

Re: Covid-19 and Real Estate

March 24th, 2020

I thought I would provide some information about how Covid-19 is being addressed in our real estate business.

I have just returned from repatriating my children from Nicaragua to Canada and am now in self isolation for 2 weeks.  Obviously, concern over the spread of the Covid-19 AND it's impact on absolutely everything is very real and cannot be ignored.  While we hope the world continues on ...

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