Wednesday April 15, 2020 Kitchener Waterloo Real Estate News

home office

Kitchener Waterloo Real Estate News

Wednesday April 15, 2020 

Wednesday April 15, 2020, In this weeks Kitchener-Waterloo Real Estate News: coronavirus impacting real estate market, Realtor’s virtual showings, housing market to recover in 2021, or autumn, good time to get ready, big data, cities nicknamed, airbnbs banned, working from home… 

1

Seven weeks in

By my calculations, we are seven weeks in now, maybe for you, more or less. But for all of us, life has changed and will remain changed for many months to come. Typically at this time of year, Realtors like me are working the busiest part of the year. Now we are wondering when and if things will return to normal. In this week’s Kitchener-Waterloo Real Estate News, I continue with reports on how the Coronavirus is impacting our real estate market and offer some predictions for the future. 

2

How Ontario Realtors are coping during the coronavirus pandemic

Instead of taking clients into a home, the agent will go in, film the house, and take questions in real-time.

3

RBC economist projects housing sector to recover from impact of COVID-19 in 2021

While housing activity could resume in the summer once authorities lift measures to contain the COVID-19 pandemic, an economist at RBC Royal Bank said that the sector may have to wait until next year to fully recover.

4

Canada’s mousing market: what is coming

A cooler spring, a sizzling fall

5

After thoughts

Four things you can do to get your home ready for the market after coronavirus

6

7 Predictions for a Post-Coronavirus World. Working from home

Many jobs will be automated, and the rest will be made remote-capable. More and more of us will be working from home.

7

What is big data saying about the housing market in the COVID-19 era?

In Canada, the number of daily users to real estate portals peaked on March 10, with activity dropping by over 50% by the first week of April.

8

Nicknames for cities

While people generally know the nicknames for cities, the origin of those nicknames is not so well known.  

Ontario bans Airbnbs

The provincial government has put a temporary ban on short-term rentals, which includes online booking companies like Airbnb, during the coronavirus pandemic

10

Working from home

I’ve been saying for a while that this pandemic is going to hasten what was already going to happen. Be that a divorce, a decline into alcoholism, getting fired or maybe retired, a pivot into a new career…whatever it is, whatever was meant to be. It was meant to happen later, rather than sooner, but happen it would.

Happen it will.

Home offices are expected to become essential for home buyers. 

Further reading

Last week on Kitchener-Waterloo Real Estate News

18 Questions to ask before buying a condo

Open Houses. Do they really help sell houses?

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