As market activity takes a big hit from the restrictive measures implemented to fight the virus’s spread, RBC Senior Economist Robert Hogue believes that Toronto home prices are relatively safe from a significant decline.

With sales centres and model homes now closed because of the COVID-19 pandemic, virtual tours are particularly helpful for those who are currently in the market for a new home.

“The national trend in housing starts declined in March, likely indicating that the COVID-19 pandemic has begun to impact residential construction activity,” said Bob Dugan, CMHC’s chief economist.

With open houses now prohibited in many states amid the COVID-19 pandemic, real estate agents are looking for ways to showcase their properties without putting their clients and potential buyers at risk.

Like many other aspects of the Canadian real estate industry, and our daily lives, COVID-19 has thrown the typical process of closing deals out the window.

Construction on WaterWorks began in 2017 with extensive preservation work conducted by ERA Architects on the 1930s-era public utilities building that will be incorporated into the design.

The Vancouver region housing market achieved a solid sales boost in March, in what is being widely regarded as the last positive report on activity for at least a few months.

Designed by Hariri Pontarini Architects, PJ Condos bucks the current trend of all-glass residential towers.

“Uncertainty surrounding the outbreak’s impact on the broader economy and the onset of the necessary social distancing measures resulted in the decline in sales since March 15,” said TRREB.

This 33 percent decline is the first substantial sign in the Vancouver region of the bite the COVID-19 pandemic is projected to take out of sales activity in the spring.

The area has grown significantly over the past decade with a cluster of modern high-rise condominiums creating a distinct skyline for the community.

As tenants continue to grapple with forced unemployment, landlords of all sizes must also find the right approach to payments in the weeks and months to come.

While the outlook for the spring months is bleak, Hogue delivers some much appreciated optimism about a timeline for a housing market recovery.

As Canada prepares to weather the worst of the COVID-19 pandemic, there are already hopeful signs emerging from China where the novel coronavirus originated months ago.

Situated off the QEW, between Hamilton and Toronto, the City of Burlington offers the charm of small town living with big city conveniences.

On Friday, March 27th, PwC was appointed as the receiver and manager of assets for three of Cresford’s downtown properties, including The Clover on Yonge, Halo Residences and 33 Yorkville.