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With the potential for quarantines in the major urban areas of Canada due to the COVID-19 pandemic, the normally hot spring Real Estate market is likely to grind to a halt. Combined with the meltdown of the financial markets, many home buyers are panicking, worried that their investments will not not contain the capital they need for down payments.
With the very real threat of recession on the horizon, many home buyers will be reluctant to take on large debts. Home prices and sales are likely to suffer.
If the impending market slowdown is making you consider your options as a Real Estate Professional, contact us to see how we can help!
Image by Arek Socha from Pixabay