Given the current global climate and the uncertainty we face with the spread of COVID-19, we wanted to send you a message to let you know that your safety and health remain of paramount importance to us.
Last week we made the important decision to halt all open houses until further notice. We continue to work, but by appointment only, and we are making sure that any buyer coming to view any of our listings has not travelled out of Canada in the past 14 days, and that anyone requesting a viewing is feeling healthy and well. These messages and checks are being communicated to all buyers / realtors that request to view any our listings.
Although the stock markets have been tumultuous in recent weeks, we do not expect Toronto real estate prices to fall. Toronto continues to have a very hot housing market. An interesting statistic from last week (the second week of March), sales were up 55% compared to the week before. Also, even if 50% of the active buyers decided to put their search on hold, we would still be in a typical seller's market based on the very low inventory for sale in Toronto today. That being said, the situation in Toronto and around the world are changing rapidly now, and it is hard to predict what the coming weeks hold as we continue to fight this pandemic. Know we are working hard to research and understand the implications COVID-19 will have on our industry and will continue to provide you with relevant information.
Despite all of the concerning news and uncertainty we are dealing with right now, we hope that you will use this as an opportunity to slow down and recharge from our otherwise fast-paced lives. Even as we practice social distancing, we are still able to connect with our loved ones and even reaching out digitally to others can be comforting and helpful. We also try to keep a positive perspective, and hope in addition to slowing down and taking care of yourselves, perhaps you might be able to take advantage of this increased time at home to learn a new skill or hobby. We know that this is a very difficult and stressful time, but we will get through it. We hope you will be able to reframe this unexpected pause as a positive in your lives.
We wish you and your families continued good health and safety, and are available to discuss further if you should have any concerns about Toronto's real estate market.
Alex and Elaine | 
