Bouncing Back: Early Signs of a Rebound
Tags: bouncing back, Newmarket real estate, toronto real estate, aurora real estate, housing prices, newmarket,
The Ontario Real Estate industry is beginning to bounce back after several turbulent months. We are closer than ever to loosening restrictions across provinces and opening business doors to the public.
The level of demand is significantly lower than what you would normally expect at this time of year. However, a lot of articles are beginning to echo each other in saying that home sales and real estate showings are beginning to increase.
According to data from ShowingTime, a software that provides software and market statistics for the real estate industry in both Canada and the United States, showing activity is on the rebound. From a little over two weeks ago, there has been an increase of 39%, which is the largest increase since the beginning of the coronavirus pandemic outbreak.
Virtual showings were well-received by agents across the province, which accounts for the growth in the percentage of showings. Although the shift is slight, it indicates that buyers and sellers are still interested in real estate transactions. As we slowly transition into May and agents continue to show clients properties, in-person and online, the projection is for Canada’s market to begin to gradually recover.
At Knowledge Broker, our goal is to create an open-source of information for all our clients. We want to ensure that, at the end of the day, they get exactly what they want and what they need. If you know someone who could use our help or services please put them in touch with us or send us their details using the contact information below. And before you go, click here to take the Knowledge Broker Quiz and see exactly what we can do for you!
JOSHUA CAMPBELL (@knowledgebrkr)
Real Estate Broker
Coldwell Banker The Real Estate Centre, Brokerage
249 Avenue Road • Newmarket, ON L3Y 1N8