![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2020\/08\/buidling_construction.jpg\")
<\/a><\/p>\nPhoto: James Bombales<\/em><\/p>\n Since late March, Canada\u2019s real estate industry has seen extreme lows and highs in the span of just a few months.<\/p>\n Now, as the market prepares to enter another typically busy season, it\u2019s difficult to pinpoint what new construction home developers, buyers and investors should be expecting from the fall.<\/p>\n \u201cI think there\u2019s still a lot of uncertainty going into the fall, and I think [residential] developers will be watching to see what\u2019s happening before they necessarily put the foot on the gas pedal,\u201d said Ralph Fox, broker of record and managing partner at Fox Marin Associates.<\/a><\/p>\n\n As the COVID-19 pandemic picked up steam in the late winter and spring months, the housing market and global economy was hurled into rough waters. Homebuyers paused their purchasing plans while many home builders chose to postpone their launches until later in the year.<\/p>\n Despite the turmoil, there have been a handful of pre-construction launch success stories \u2014 both Fox and Ben Myers, president and owner of Bullpen Research & Consulting Inc<\/a>, point to 28 Eastern in Toronto as a case study,\u00a0which kicked off pre-sales earlier this year.<\/span><\/p>\n Myers noted that some developers that watched these pandemic launch successes initially ramped up their advertising, but after consulting with their brokers, are still prepared to pull back at the last minute if their product fails to generate sufficient interest. Overall, Myers said that we could see an average fall performance.<\/p>\n \u201cI still think it\u2019s in flux. Most developers have not launched a COVID project so maybe they\u2019re not used to non-face-to-face and all-virtual, and it may be a little bit new for them,\u201d he explained. \u201cSo we\u2019ll see. I think it\u2019s hard to tell, but I don\u2019t think it\u2019s going to be anywhere near the fall that we experienced last year or in 2018.\u201d<\/p>\n