We wanted to reach out to our community of valued clients, open house guests, friends and neighbours during this very challenging time. The COVID-19 pandemic has impacted all of our daily lives in an unprecedented way. However, the social distancing that we are all experiencing is key to our success in the battle for the well-being of our society. Together, we will adapt and navigate through our day-to day challenges and emerge stronger, more knowledgeable and ready to regroup and rebuild what has been compromised. Together, we will prevail.
Our heartfelt gratitude goes out to our health care workers, volunteers servicing crisis lines, food banks and the most vulnerable, essential service providers and our leaders on the front lines. We cannot thank you enough. Keep safe.
Real estate has been declared an essential service but, it’s not business as usual. The Toronto Regional Real Estate Board (TRREB) has stipulated that members not conduct open houses and refrain from face-to-face real estate practices. Showings can be conducted under strict COVID-19 health guidelines. In an effort to maintain social distancing, Dave and I have produced virtual open house tours that can be viewed from the safety of home 24/7. Houses are now being “virtually sold” with the help of digital transactions. We thank you for your patience as we navigate these rapid changes and uncharted waters.
Our world at the end of March looked very different than from the beginning. That is true for real estate as well. Overall GTA sales in the first two weeks of March were strong relative to last year, but the impact of COVID-19 was evident in the reduced sales and listings reported in the second half of the month. However, the news is not all bad. Housing prices continue to be relatively stable and, although slower, the market remains active reinforcing the belief that real estate is a solid investment. We believe that economic recovery and extremely low interest rates could fuel the real estate market when life resumes to the new normal.
Dave and I will continue to communicate via our social media platforms at our GTA Selling Real Estate website, Instagram and Facebook. And, always feel free to call just to chat about life. We will get to the other side of this global pandemic and we look forward to meeting once again. Until then, we may see you on our nightly walk. We won’t stop to chat but, we will smile and wave from a social distance.
Stay home. Keep well. Keep safe.