Weekly Update, April 10/20

Sara, Do you think that the normal busy spring season(May-June) for real estate, will it be pushed back to the Fall or late summer or will it simply not occur this year. People like to move in the summer when the weather is better and also it ties in with the school year. Thanks for having this website and blog. You publish a lot of vital and current information on the Edmonton market. Everyone has an opinion, but it is nice to see some facts.

Are some people willing to buy a house without physically setting foot inside the house?

Sara,

Is there any way you can set up the comments section to notify you if someone has left a new message?

On rare occasions, it happens... Sheldon had a client call him from the Lion's Gate Bridge in Vancouver (he'd been stuck there in traffic for 2 hours) and said: "find me an acreage, I'm coming home." He bought it, sight unseen from Vancouver, and still lives there today (20 years later). In the current environment, agents are showing homes to their clients by walking through on a video call and describing the sounds/smells/spaces that don't come across over the phone. After that, if the client is really interested in the property, an in-person showing is arranged (assuming the seller is willing).

Originally, I thought that the spring market would just be pushed back, and that may still be the case for other parts of the country. But we also have low oil prices to deal with, so, unfortunately, I don't think our economy is going to come out of this as well as other areas. Thanks for commenting :)

Jason,
Send some of those buyers out to Alberta.
Thanks.

Here in Toronto, we are still getting multiple offers on a property. The consensus is there may be some sellers that are desperate to sell, but most of them will just sit there waiting for market to turn around.

I guess a lot of sellers get burned when they sold a property back in 2017. Most expect market will recover in GTA next year.

Just provide some updates here.