Always check to confirm your Realtor is still licenced and in good standing.
All in Risk
Always check to confirm your Realtor is still licenced and in good standing.
Everyone now agrees home prices will fall this year, but no one is confident how much and for how long. Were Toronto, Vancouver, Victoria, and Hamilton in a price bubble? Will prices crash? Should we expect house and condo prices to fall across Canada?
Some economists say the Coronavirus Recession will rival the Great Depression. If that is true, then some Canadians should seriously consider selling their home.
Find out why many Private Lenders will stop renewing mortgages during the COVID Crisis and force borrowers to sell into a weak market.
Deferring payments will help you in the short-term, but this isn’t a gift
As a result of Coronavirus, Toronto’s short-term rentals will be empty for three to six months. Can the owners afford it?
As a result of Coronavirus, short-term rentals will have lower occupancy and nightly rates will drop. Many Airbnbs may not be able to sustain a year without a high season.
Canadians should prepare for the possibility of a virus-induced home price correction.