Real Estate Market during COVID-19

Dated: April 14 2020

Views: 114

Three facts and our conclusion from COVID-19 and the real estate market

Market Activity:

Our real estate market still is seeing a number of new listings and daily sales happening. Although these numbers are not on par with pre-virus numbers, pricing seems to be stable for now.


There are additional disclosures in place, especially regarding the travel history of the potential buyer/seller for the last 14 days. Once a property is identified, more research like drive-by, virtual tours, online neighborhood search should be undertaken before scheduling a showing. Once a showing has been set, protective gear like gloves need to be worn at all times and instructions from the REALTOR® need to be strictly followed.

Tenant's Rights:

The province has strengthened the rights of tenants during this pandemic, which now, more than ever has to be taken into consideration when thinking about selling a home.

In the end, the market is still moving and all essential services including lawyers, notaries, the land title registry etc. are still operating.

Your personal situation should now be analyzed more carefully in detail by a professional real estate agent of your choice and we are gladly available.

We live were we work and love helping our neighbours through these difficult times.

Blog author image

Frank and Sherry Heitzer

Frank and Sherry Heitzer are partners in business and in life. While Frank was born and raised in Regensburg, Germany, Sherry was born and raised in Langley, BC. Both of them started their working liv....

Latest Blog Posts

CMBP will stop says Bank of Canada

On October 15, 2020 the Bank of Canada announced, that they will stop the Canada Mortgage Bond Purchase program in the week of October 26, 2020. In their explanation the bank stated, that improved

Read More

Should I buy during COVID19

This pandemic has put a huge amount of uncertainty in us. Will I keep my job or what happens, when one of my family members gets sick? How much stimulus will be provided and is the government gonna

Read More

Contradicting real estate news during COVID pandemic

If you are only slightly interested in real estate or news, you most likely have been receiving contradicting messages regarding the housing market in Canada. The headlines so far have offered

Read More

CMHC's view of our housing market

In recent past, the CMHC (Canada Mortgage and Housing Corporation) has started to double down on their idea, that the housing market in Canada, especially in hot markets like Toronto and Vancouver

Read More