Boyce’s Real Estate Market Update (Or How I Learned to Stop Worrying and Embrace COVID-19)

Boyce’s Real Estate Market Update (Or How I Learned to Stop Worrying and Embrace COVID-19)

Ok so maybe it’s too soon to stop worrying altogether. Although, after many weeks of uncertainty, it looks as though economists are sallying forth with fresh predictions about what a recovery will look like. After a very strong first quarter in housing, all bets are off for the next 12-18 months. Even as the various levels of government start easing distancing restrictions, consumers are likely going to be much more apprehensive about the process of shopping. This may mean an increase in available listings on the market – at least relative to the number of active buyers. The number of listings may also be influenced by forced sales. Many of the businesses most hard hit by the pandemic will...

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Canadian Economic Update

Canadian Economic Update

Here’s the Economic Update: We were lucky enough to hear a presentation on rates from CIBC’s Chief Economist Benjamin Tal on Monday morning at the National Mortgage Conference.  Here is the gist: The US central bank (Federal Reserve) has dropped their rate 3...

Keeping ahead of COVID-19

In the interest of helping to slow the spread of Covid 19 the PMG has decided to close the office to the public beginning Monday March 16th. We are still fully operational but will not be seeing clients in person. Thank you for your understanding and please take care of yourselves.