Governmental Initiatives to Help Home Owners, Renters, and Potential Home Buyers During the COVID-19 Crisis

The COVID-19 crisis has resulted in numerous business closures, job losses, lay-offs, and tough economic times for many. Here are some of the governmental initiatives that have been announced to help home owners, renters, and potential home buyers during these unprecedented times.   For Home Owners: Mortgage Payment Deferrals for Up to 6 Months The Canada Mortgage and Housing Corporation (CMHC), which provides default insurance for insured loans, has announced ...

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FAQ on COVID-19 and Real Estate

There are a lot of uncertainties surrounding COVID-19, how it’s impacting the GTA real estate market, how long the situation will last, and factors that will play a part in your decision to buy or sell now or later. Below are some of the most frequently asked questions.   General FAQ   Is the GTA real estate market going to be heavily impacted by COVID-19? During economic downturns, the real ...

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What History Can Teach Us about Real Estate Property Prices During and After a Crisis

There are lots to learn from history. While the current COVID-19 situation is different from previous crises, there are lessons that can be taken from the past.   Lessons from the SARS Outbreak in 2013 Although the SARS outbreak in 2013 did pose some challenges, the global and Canadian economies did not suffer as much damage compared to the fallouts from the current novel coronavirus outbreak. There was no significant ...

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How Close are We to a COVID-19 Vaccine or Treatment?

Developing a vaccine for any virus is no easy task. To this date, there is still no vaccine for the virus strain that caused the Severe Acute Respiratory Syndrome (SARS) outbreak in 2013. However, there have been many medical and technological advances over the past decade that are contributing to the current developments of a COVID-19 vaccine. To date, there are at least 20 vaccines that are in various stages ...

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Positive News about COVID-19

Whenever you turn on the news, all the major headlines revolve around social distancing and lockdown measures, the growing number of confirmed positive cases of COVID-19, the number of deaths around the world, and the economic and financial market fallouts due to business closures. However, beyond the grim headlines and in the unprecedented times that we are currently in, there are some good news. Here is a roundup of some ...

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Why We, Too, Can Flatten the Pandemic Curve

“Flattening the pandemic curve” means buying more time and slowing the transmission down, to reduce the strain on the medical system. Expanding the capacity of a medical system (such as calling on more doctors and nurses to help with providing medical care for coronavirus patients, expanding hospital capacities, creating makeshift medical centres or hospitals, and sourcing more ventilators and medical equipment) can only go so far. The rate at which ...

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Top 5 Reasons Why Richmond Hill is One of the Most Sought After Areas in the GTA for Real Estate

Richmond Hill is no doubt one of the most sought after areas in terms of real estate in York Region and the Greater Toronto Area (GTA). Here are the top reasons why Richmond Hill's properties often sell like hot cakes.   Reason #1: Abundance of Amenities When it comes to amenities such as parks, trails, and community facilities, Richmond Hill has an abundance of them. This means that any residential ...

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