Curtis Leibel 780-438-2500

Real Estate has been deemed essential service – as there are people that still need to buy/sell their homes even in these uncertain times.  In these cases, there are certain measures that we have been taking to ensure everyones safety.

First off, no more open houses – of course to limit interaction with other people.

Sellers/tenants in the past were required to allow access to their home within a certain time frame if asked.  Now they have the right to limit/restrict access if deemed at risk.

We also have new standardized pre-showing questionnaires for buyers and their agents to sign 24 hours before accessing a property to ensure they have not been traveling or currently showing  any signs or symptoms.

These are just a few of the precautions we have been taking to allow people to still search/sell their homes in a safe manner.

Hope everyone is staying healthy and keeping positive during these uncertain times.  I thought I would take the time while things have slowed down a bit to keep everyone in the loop on whats happening with our Real Estate market.  Not a day goes by without someone asking me about how much Real Estate prices have dropped in the last month.  While it is definitely true that all activity has currently grinded to a halt (only the people have to buy/sell are currently active)- we have yet to see what direction the market will be going.  Now we can obviously see that house prices should and will start to drop – as an immediate result of economic shutdown.  Of course.  However – this is typically our busiest time of year, and alot of people had planned on moving now…..and keep in mind, alot of the people that would have been buying/selling now will still want/need to do this once our restrictions have been relaxed a bit.  Combine that with historically low interest rates, undervalued properties,  and who knows, maybe some eventual gains in the oil market and Canadian dollar, a few positive stories in the news, and you never know….we could see a return to our regular busy spring market whenever this is all over.  Optimistic?  Absolutely. But I know there are currently some deals out there that Ive never seen before, and other savvy investors are going to start to recognize that too…..

Stay safe everyone – and any Real Estate questions during these quiet days dont hesitate to contact me.