Though we are still being asked to restrict movement and stay home, restrictions are slowly beginning to ease. Provincial parks are open (in time for the long weekend) and businesses are now able to offer curbside pick up.
We're also seeing a slight increase in the number of properties being listed. People are at home and spending more time on the internet looking at homes (Google cites about a 20% increase in online use).The level of pent up demand is increasing especially with interest rates low and forecasted to stay that way. The housing market recovery will likely accelerate as we move into the fall and winter months, providing we do not see a substantial resurgence of Covid-19 cases.
If you have been thinking about selling your home, we should talk about the protocols of today's market. Our website has had a huge increase in traffic including appointment requests. Over the past weeks, we have seen sales accomplished through the use of technology. Embracing the latest technology helps with staging, viewings, offers, sign-backs, inspections, financing and even closings being handled virtually. With professional high definition photography, video and 3D Matterport walkthroughs, buyers can do the first showing from the comfort of their home.
The only market we are sure of is "today". However, my experience tells me that if the market slumps, then it is better to sell at the top of the slump rather than waiting until the market rebounds.
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