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Real Estate Activity in Victoria, BC

When the year started, nobody could have envisioned that a virus outbreak would shut down the global economy and lead to widespread devastation. Canada and its many industries were not immune from the coronavirus pandemic, forcing all three levels of government to impose unprecedented and extraordinary measures to shield the public from a financial collapse. The city of Victoria faced the same effects as other places across the country.In the first half of March 2020, real estate activity in Victoria was typical: new listings, multiple offers, and a steady increase in sales. Then, as Victoria Real Estate Board (VREB) President Sandi-Jo Ayers told a local newspaper, “the world changed.” Like other Canadian housing markets, Victoria endured a severe rough patch in the immediate aftermath of the COVID-19 pandemic. In weeks after Ottawa announced the country would be shutting down, many local real estate experts were uncertain about the spring and summer in Victoria.But that level of unpr…

Real Estate Activity in Victoria, BC

When the year started, nobody could have envisioned that a virus outbreak would shut down the global economy and lead to widespread devastation. Canada and its many industries were not immune from the coronavirus pandemic, forcing all three levels of government to impose unprecedented and extraordinary measures to shield the public from a financial collapse. The city of Victoria faced the same effects as other places across the country.In the first half of March 2020, real estate activity in Victoria was typical: new listings, multiple offers, and a steady increase in sales. Then, as Victoria Real Estate Board (VREB) President Sandi-Jo Ayers told a local newspaper, “the world changed.” Like other Canadian housing markets, Victoria endured a severe rough patch in the immediate aftermath of the COVID-19 pandemic. In weeks after Ottawa announced the country would be shutting down, many local real estate experts were uncertain about the spring and summer in Victoria.But that level of unpr…

Why the controversy? Ontario's Bill 184 may help both landlords and tenants

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Legislation that benefits landlords is always going to be a tough sell in the province's tenant-tilted environment. Here's what investor-focused brokers should be telling their clients about Bill 184

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from Mortgage Broker News https://ift.tt/3gVWWka

Record-low rates impelling a surge of refinancing, renewals

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Interest has significantly increased in the weeks since lockdowns were lifted, according to Ratehub.ca data

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TD Bank: COVID-19 has a disproportionate impact on young, minorities

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Unemployment/underemployment figures are heavily skewed towards young and non-white Canadians, according to a new study

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Improving jobs market might fuel late-2020 purchasing power

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The labour sector has recovered approximately 40% of its pandemic-related losses, according to Statistics Canada

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from Mortgage Broker News https://ift.tt/32iQuQa

À New York meurtrie par la pandémie, l'exode a commencé - Le Journal de Montréal

À New York meurtrie par la pandémie, l'exode a commencéLe Journal de Montréal

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from "Immobilier Montréal" - Google Actualités https://ift.tt/32aFNze