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Investing in real estate is always a huge undertaking (why else would we have so many shows about it?), but buying a home during quarantine? That certainly came with its own list of unique challenges. Here’s what I learned after I purchased my first home during the coronavirus pandemic.
Nestled in the esteemed and highly exclusive The Kingsway neighbourhood, this home is an extraordinary example of modern luxury and refinement. From the handsomely finished stone exterior with its dark accents, private double garage and custom front door to the posh interior which boasts top-of-the-line finishes and exclusive materials.
To keep a pulse on market activity in the short term, we used data from the TRREB to calculate the change in average home prices and home sales between March 16 – April 15, 2020 compared to the same period in 2019 to understand how the market changed across the GTA one month after COVID-19 measures were put into effect.
Recently earned The Institute for Luxury Home Marketing’s Certified Luxury Home Marketing Specialist™ (CLHMS) designation in recognition of experience, knowledge, and expertise in high-end residential properties.
To get an idea of how COVID-19 could shape the housing market in the short- and long-term, let’s take a look at a similar scenario that led to slower market conditions. The bottom line is, as long as these health risks are present, it’s widely expected that anyone without an urgent need to buy or sell a home will put their real estate ambitions on hold for the time being.